Dakota Gold Corp. (NYSE:DC) Stock Position Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its holdings in Dakota Gold Corp. (NYSE:DC) by 6.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 367,629 shares of the company’s stock after purchasing an additional 23,260 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Dakota Gold were worth $937,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its stake in shares of Dakota Gold by 28.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,562 shares of the company’s stock worth $37,000 after purchasing an additional 3,437 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Dakota Gold by 17.3% in the second quarter. Rhumbline Advisers now owns 80,867 shares of the company’s stock worth $206,000 after purchasing an additional 11,926 shares in the last quarter. Corundum Trust Company INC bought a new position in shares of Dakota Gold in the second quarter worth $38,000. Virtu Financial LLC bought a new position in shares of Dakota Gold in the first quarter worth $42,000. Finally, Strategy Asset Managers LLC boosted its stake in Dakota Gold by 141.6% during the second quarter. Strategy Asset Managers LLC now owns 45,900 shares of the company’s stock valued at $117,000 after buying an additional 26,900 shares in the last quarter. Institutional investors own 37.41% of the company’s stock.

Analysts Set New Price Targets

Separately, BMO Capital Markets started coverage on Dakota Gold in a research note on Friday, September 6th. They set an “outperform” rating and a $6.00 target price for the company.

Dakota Gold Price Performance

Shares of DC stock opened at $2.19 on Friday. The stock has a 50-day simple moving average of $2.22 and a 200 day simple moving average of $2.46. Dakota Gold Corp. has a fifty-two week low of $1.84 and a fifty-two week high of $3.25. The stock has a market capitalization of $205.12 million, a P/E ratio of -5.34 and a beta of 1.11.

Dakota Gold (NYSE:DC) last announced its earnings results on Tuesday, August 13th. The company reported ($0.10) earnings per share for the quarter.

Dakota Gold Company Profile

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.