Dakota Gold initiated with an Outperform at BMO Capital

BMO Capital analyst Andrew Mikitchook initiated coverage of Dakota Gold with an Outperform rating and $6 price target. There is “significant scarcity value” in a new high-grade discovery and the market will reward Dakota shareholders for growth of the JB Gold Zone and/or discovery of new high-grade zones, the analyst tells investors in a research note. The firm says the proximity and geological similarities to the long-running Homestake mine suggest potential for scale at the JB Gold Zone.