Marshall Wace LLP Makes New Investment in Dakota Gold Corp. (NYSE:DC)

Marshall Wace LLP acquired a new stake in Dakota Gold Corp. (NYSE:DC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 261,010 shares of the company’s stock, valued at approximately $666,000. Marshall Wace LLP owned approximately 0.30% of Dakota Gold at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its position in shares of Dakota Gold by 28.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,562 shares of the company’s stock valued at $37,000 after purchasing an additional 3,437 shares during the period. Renaissance Technologies LLC raised its position in Dakota Gold by 15.3% in the second quarter. Renaissance Technologies LLC now owns 44,500 shares of the company’s stock worth $113,000 after acquiring an additional 5,900 shares in the last quarter. Rhumbline Advisers lifted its holdings in Dakota Gold by 17.3% in the 2nd quarter. Rhumbline Advisers now owns 80,867 shares of the company’s stock valued at $206,000 after acquiring an additional 11,926 shares during the last quarter. Fourth Sail Capital LP raised its holdings in shares of Dakota Gold by 0.3% in the 2nd quarter. Fourth Sail Capital LP now owns 4,635,503 shares of the company’s stock worth $11,542,000 after purchasing an additional 13,657 shares in the last quarter. Finally, Corundum Trust Company INC acquired a new stake in Dakota Gold during the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 37.41% of the company’s stock.

Dakota Gold Stock Down 2.0 %

Shares of NYSE DC opened at $2.26 on Wednesday. The business has a fifty day simple moving average of $2.22 and a 200-day simple moving average of $2.46. The company has a market cap of $198.43 million, a price-to-earnings ratio of -5.09 and a beta of 1.11. Dakota Gold Corp. has a 12 month low of $1.84 and a 12 month high of $3.25.

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

Analysts Set New Price Targets

Separately, BMO Capital Markets initiated coverage on shares of Dakota Gold in a research report on Friday, September 6th. They issued an “outperform” rating and a $6.00 price target on the stock.

Insiders Place Their Bets

In other Dakota Gold news, CAO Patrick Shay Malone sold 27,000 shares of the firm’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $2.45, for a total transaction of $66,150.00. Following the completion of the sale, the chief accounting officer now directly owns 228,846 shares in the company, valued at approximately $560,672.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 26.02% of the company’s stock.

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.