KD Logo

BMO Capital Markets initates Dakota Gold Corp (DC) rating to an Outperform

Dakota Gold Corp’s recent filing unveils that its President and CEO QUARTERMAIN ROBERT acquired Company’s shares for reported $44225.0 on Nov 20 ’24. In the deal valued at $2.21 per share,20,000 shares were bought. As a result of this transaction, QUARTERMAIN ROBERT now holds 7,597,877 shares worth roughly $17.25 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Then, QUARTERMAIN ROBERT bought 20,000 shares, generating $44,155 in total proceeds. Upon buying the shares at $2.21, the President and CEO now owns 7,617,877 shares.

Before that, ABERLE GERALD MICHAEL bought 4,490 shares. Dakota Gold Corp shares valued at $9,734 were divested by the Chief Operating Officer at a price of $2.17 per share. As a result of the transaction, ABERLE GERALD MICHAEL now holds 4,357,009 shares, worth roughly $9.89 million.

BMO Capital Markets initiated its Dakota Gold Corp [DC] rating to an Outperform in a research note published on September 06, 2024; the price target was $6. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who began to cover the stock in mid September with a ‘”a Speculative buy”‘ rating.

Price Performance Review of DC

On Monday, Dakota Gold Corp [AMEX:DC] saw its stock jump 2.25% to $2.27. Over the last five days, the stock has gained 6.57%. Dakota Gold Corp shares have fallen nearly -13.36% since the year began. Nevertheless, the stocks have fallen -19.22% over the past one year. While a 52-week high of $3.25 was reached on 05/28/24, a 52-week low of $1.84 was recorded on 08/06/24. SMA at 50 days reached $2.28, while 200 days put it at $2.39.

Levels Of Support And Resistance For DC Stock

The 24-hour chart illustrates a support level at 2.22, which if violated will result in even more drops to 2.17. On the upside, there is a resistance level at 2.32. A further resistance level may holdings at 2.37. The Relative Strength Index (RSI) on the 14-day chart is 52.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.74%. Stochastics %K at 71.09% indicates the stock is a holding.

How much short interest is there in Dakota Gold Corp?

A steep rise in short interest was recorded in Dakota Gold Corp stocks on 2024-11-15, dropping by -0.2 million shares to a total of 1.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.3 million shares. There was a decline of -18.51%, which implies that there is a negative sentiment for the stock.

Most Popular