Dakota Gold Corp (AMEX: DC) has experienced a rise in its stock price by 6.13 compared to its previous closing price of 2.12. However, the company has seen a gain of 2.27% in its stock price over the last five trading days. newsfilecorp.com reported 2024-12-03 that Lead, South Dakota–(Newsfile Corp. – December 3, 2024) – Dakota Gold Corp. (NYSE American: DC) (“Dakota Gold” or the “Company”) is pleased to announce that step-out drilling north of the JB Gold Zone has nearly doubled the known strike-length of the Homestake iron-formation hosted gold mineralization at the Maitland Gold Project (“Maitland”). Dakota Gold’s 2024 Maitland drill program has delineated four distinct ledges, each of which has yielded high-grade Homestake Mine-style gold intercepts analogous to the gold mineralization found in the “West Ledge” system that produced approximately 6 million ounces of gold at the historic Homestake Mine.
Is It Worth Investing in Dakota Gold Corp (AMEX: DC) Right Now?
The 36-month beta value for DC is also noteworthy at 1.12. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for DC is 65.44M, and at present, short sellers hold a 1.67% of that float. The average trading volume of DC on December 05, 2024 was 250.78K shares.
DC’s Market Performance
The stock of Dakota Gold Corp (DC) has seen a 2.27% increase in the past week, with a -2.60% drop in the past month, and a -2.17% fall in the past quarter. The volatility ratio for the week is 4.08%, and the volatility levels for the past 30 days are at 4.63% for DC. The simple moving average for the past 20 days is 0.96% for DC’s stock, with a -5.60% simple moving average for the past 200 days.
Analysts’ Opinion of DC
Many brokerage firms have already submitted their reports for DC stocks, with BMO Capital Markets repeating the rating for DC by listing it as a “Outperform.” The predicted price for DC in the upcoming period, according to BMO Capital Markets is $6 based on the research report published on September 06, 2024 of the current year 2024.
Canaccord Genuity, on the other hand, stated in their research note that they expect to see DC reach a price target of $5.25. The rating they have provided for DC stocks is “Speculative Buy” according to the report published on September 12th, 2022.
DC Trading at -1.47% from the 50-Day Moving Average
After a stumble in the market that brought DC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -30.77% of loss for the given period.
Volatility was left at 4.63%, however, over the last 30 days, the volatility rate increased by 4.08%, as shares sank -10.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.31% lower at present.
During the last 5 trading sessions, DC rose by +1.82%, which changed the moving average for the period of 200-days by +13.13% in comparison to the 20-day moving average, which settled at $2.23. In addition, Dakota Gold Corp saw -14.12% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DC starting from QUARTERMAIN ROBERT, who purchase 20,000 shares at the price of $2.21 back on Nov 20 ’24. After this action, QUARTERMAIN ROBERT now owns 7,597,877 shares of Dakota Gold Corp, valued at $44,225 using the latest closing price.
QUARTERMAIN ROBERT, the President and CEO of Dakota Gold Corp, purchase 20,000 shares at $2.21 during a trade that took place back on Nov 21 ’24, which means that QUARTERMAIN ROBERT is holding 7,617,877 shares at $44,155 based on the most recent closing price.
Stock Fundamentals for DC
The total capital return value is set at -0.4.
Currently, EBITDA for the company is -37.73 million with net debt to EBITDA at 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.17.
Conclusion
In summary, Dakota Gold Corp (DC) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
