H.C. Wainwright Initiates Buy Rating on Dakota Gold, Sets PT at $9.75

Dakota Gold Corp. (NYSE:DC) is one of the 9 Best Junior Gold Mining Stocks to Buy Now.

On January 5, The Fly reported that H.C. Wainwright initiated coverage of Dakota Gold Corp. (NYSE:DC) with a Buy rating. Heiko Ihle at H.C. Wainwright initiated coverage of DC with a $9.75 price target. All analysts covering DC have rated the stock a Buy, with a median price target of $9.88, implying an upside of 80.86% as of January 5.

The Fly reported that the analyst noted that Dakota Gold Corp. is ‘well underway’ to build on the district’s 145-year legacy of mining, with more than 48,000 acres of high-caliber gold mineral properties.

H.C. Wainwright Initiates Buy Rating on Dakota Gold, Sets PT at $9.75

In other news, on December 23, Dakota Gold Corp. (NYSE:DC) reported additional drill hole assay results from the Richmond Hill Gold Project. The company’s gold project in South Dakota continues to show resource expansion potential, with the recent gold mineralization drilling intersecting up to 230 meters north of the current Measured and Indicated resource boundary.

In 2025, Dakota Gold Corp. completed 242 drill holes, achieving a total of 29,279 meters. So far, the company has released results from 136 drill holes, with 106 drill hole results pending release. The company expects to report the results from these drill holes in early 2026.

Dakota Gold Corp. (NYSE:DC) is a gold-mining company in the development stage. The company mainly explores for gold deposits and is dedicated to restoring gold mining in the Homestake District in Lead, South Dakota.

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Disclosure: None. This article is originally published at Insider Monkey.