H.C. Wainwright reiterated its Buy rating for Dakota Gold Corp. on September 11, 2026. The firm maintained a price target of $10.75.
The decision follows September 10 metallurgical test results from the Richmond Hill Gold Project. These tests confirmed the deposit is suitable for heap leaching. Gold recovery rates reached up to 92.0%.
The findings validate historical data and support the ongoing pre-feasibility study. This study is scheduled for completion in the fourth quarter of 2026. These results significantly de-risk the project's economic outlook.
Dakota Gold is currently conducting 11,000 meters of definition drilling. The company is also performing 3,800 meters of metallurgical drilling. These efforts will inform a full feasibility study targeted for mid-2027.