Connor Clark & Lunn Investment Management Ltd. Grows Stake in Dakota Gold Corp. (NYSE:DC)

Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Dakota Gold Corp. (NYSE:DC) by 28.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 178,102 shares of the company’s stock after acquiring an additional 38,964 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.19% of Dakota Gold worth $392,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC boosted its stake in shares of Dakota Gold by 48.3% during the 4th quarter. SG Americas Securities LLC now owns 34,469 shares of the company’s stock worth $76,000 after acquiring an additional 11,229 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Dakota Gold by 8.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 194,745 shares of the company’s stock valued at $428,000 after purchasing an additional 15,081 shares during the period. Virtu Financial LLC purchased a new stake in Dakota Gold in the third quarter worth about $55,000. Vestcor Inc raised its stake in shares of Dakota Gold by 2.9% in the third quarter. Vestcor Inc now owns 1,029,495 shares of the company’s stock worth $2,430,000 after buying an additional 29,495 shares during the period. Finally, Pitcairn Co. purchased a new position in shares of Dakota Gold during the 3rd quarter valued at about $71,000. Institutional investors own 37.41% of the company’s stock.

Dakota Gold Stock Performance

Shares of Dakota Gold stock opened at $2.80 on Monday. Dakota Gold Corp. has a fifty-two week low of $1.84 and a fifty-two week high of $3.50. The company has a market capitalization of $264.40 million, a P/E ratio of -6.83 and a beta of 0.95. The company has a fifty day moving average of $2.80 and a 200 day moving average of $2.46.

Wall Street Analyst Weigh In

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

Dakota Gold 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.