Dakota Gold price target raised to $9 from $7.50 at BMO Capital

BMO Capital raised the firm’s price target on Dakota Gold (DC) to $9 from $7.50 and keeps an Outperform rating on the shares. The company’s Initial Assessment with Cash Flow – IACF – is a key step in advancing the Richmond Hill oxide gold project to first production in late 2029, the analyst tells investors in a research note. The study reinforces that Richmond Hill is one of the largest development-stage oxide gold resources in the United States, the firm added.