Benzinga Pro offers a real-time newsfeed as headlines break on earnings releases, analyst ratings, rumors, the biggest movers, and many more actionable alerts.

Find Stocks Tailored to Your Trading Interests

benzingaproreview-1-1280x720

acf/call-to-action

<a href="https://share.hsforms.com/1kQ-soZmmTRqplsRXp5Zfpw1npzh">Claim Exclusive Offers</a>

Compare Investing Brokers (USE THIS ONE)

acf/widget-container

acf/compare-products

IBKR Stocks

Plus500 Yield

public.com

Robinhood

TradeZero

Compare Crypto Brokers Homepage

Plus500 Crypto

Kraken

Binance NON US

Webull Crypto

FxGlory

Uphold Crypto

eToro

Compare Brokers Table – Benzinga.com

K92 Mining

Probe Gold

Dakota Gold

Wesdome Gold Mines

Victoria Gold

Osisko Development

Ivanhoe Mines

Skeena Resources

Ivanhoe Electric

Wallbridge Mining Co

Waste Management

Artemis Gold

Gold Standard Ventures

Great Bear Resources

New Concept Energy

Orla Mining

Analyst ratings are quantitative and qualitative analysis of a stock by Wall Street stock rating analysts. Stock ratings consist of expected future growth, current stock valuation and macroeconomic trends.

Andrew Mikitchook's

DakotaGold.CourtesyDakotaGold

Dakota Gold Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DC#NYSE">DC</a>) shares continued to decline in trading on Friday, after <a href="https://www.benzinga.com/quote/DC">climbing through most of August</a>.



There is "significant scarcity value" in the new JB Gold Zone high-grade gold discovery in the state of South Dakota, according to BMO Capital Markets.



<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e84b857387cff0001494c4a/andrew-mikitchook">Analyst Andrew Mikitchook</a> initiated coverage of Dakota Gold with an Outperform rating and a price target of $6.



The Dakota Gold Thesis: The best place to find a new mine is beside an old one, Mikitchook said in the initiation note.



Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.



"Dakota Gold has consolidated a large land package covering the direct northern extension of the Homestake mine," he added.



"The proximity and geological similarities to the long-running Homestake mine suggest potential for scale at the JB Gold Zone," the analyst wrote.



"Dakota&#8217;s management team has strong ties to the Homestake district and relevant experience in advancing exploration projects," Mikitchook stated. He further stated the JB Gold Zone could become "the main valuation driver" for Dakota Gold.



DC Price Action: Shares of Dakota Gold had declined 4.69% to $2.24 at the time of publication on Friday.



Read Next: <a href="https://www.benzinga.com/m-a/24/09/40734810/first-majestic-acquires-gatos-silver-for-970m-puts-3-major-mexico-assets-under-one-banner"> • First Majestic Acquires Gatos Silver For $970M, Puts 3 Major Mexico Assets Under One Banner</a>



Photo: Courtesy Dakota Gold

Analyst Color

Long Ideas

Commodities

Initiation

Analyst Ratings

Movers

Trading Ideas

Dakota Gold announced new discovery at the JB Gold Zone. This bullish analyst believes the discovery holds significant value.

Why This Dakota Gold Analyst Believes JB Gold Zone Will Be The &#39;Main Valuation Driver&#39;

Analyst Ratings Newsletter

Don't Miss Your Daily Analyst Rating Email!!!

acf/beehiiv-email-capture

acf/raptive-ad-placement

Andrew Mikitchook's Stock Ratings

BMO Capital Analyst

Overall Average Return

Smart Score

Overall Average Return Percentile

Number of Ratings

Recent Analyst Stock Rating News

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga