Connor Clark & Lunn Investment Management Ltd. Boosts Stock Holdings in Dakota Gold Corp. (NYSE:DC)

Connor Clark & Lunn Investment Management Ltd. raised its stake in Dakota Gold Corp. (NYSE:DC) by 28.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 178,102 shares of the company’s stock after purchasing an additional 38,964 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Dakota Gold were worth $392,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DC. Euro Pacific Asset Management LLC lifted its position in shares of Dakota Gold by 186.0% in the fourth quarter. Euro Pacific Asset Management LLC now owns 1,113,290 shares of the company’s stock worth $2,464,000 after buying an additional 723,970 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of Dakota Gold during the 4th quarter worth approximately $202,000. Barclays PLC boosted its position in shares of Dakota Gold by 294.0% during the 3rd quarter. Barclays PLC now owns 93,667 shares of the company’s stock valued at $222,000 after acquiring an additional 69,896 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Dakota Gold by 4.4% in the third quarter. Geode Capital Management LLC now owns 1,458,553 shares of the company’s stock valued at $3,443,000 after purchasing an additional 60,918 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in Dakota Gold by 1.2% in the fourth quarter. Van ECK Associates Corp now owns 3,481,217 shares of the company’s stock worth $7,659,000 after purchasing an additional 39,581 shares during the last quarter. Institutional investors own 37.41% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lifted their price objective on shares of Dakota Gold from $6.00 to $7.50 and gave the stock an “outperform” rating in a research note on Monday, February 10th.

Dakota Gold Price Performance

Shares of DC stock opened at $2.80 on Monday. The company has a market cap of $264.40 million, a PE ratio of -6.83 and a beta of 0.95. Dakota Gold Corp. has a 1 year low of $1.84 and a 1 year high of $3.50. The stock’s 50 day simple moving average is $2.80 and its two-hundred day simple moving average is $2.46.

About Dakota Gold

Dakota Gold Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. It primarily explores for gold deposits. The company holds 100% interest in the Blind Gold, City Creek, Tinton, West Corridor, Ragged Top, Poorman Anticline, Maitland, South Lead/ Whistler Gulch, the Barrick Option, Richmond Hill and Homestake Paleoplacer Properties located in Homestake Mining District, South Dakota.