Dakota Gold Corp. $DC Position Trimmed by Trek Financial LLC

Trek Financial LLC lessened its position in shares of Dakota Gold Corp. (NYSE:DC) by 33.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 899,194 shares of the company’s stock after selling 453,759 shares during the period. Trek Financial LLC’s holdings in Dakota Gold were worth $5,476,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Dakota Gold in the 2nd quarter worth about $37,299,000. Euro Pacific Asset Management LLC grew its holdings in shares of Dakota Gold by 15.8% during the 1st quarter. Euro Pacific Asset Management LLC now owns 3,534,049 shares of the company’s stock worth $18,103,000 after purchasing an additional 482,565 shares during the period. Amundi grew its holdings in shares of Dakota Gold by 3.5% during the 2nd quarter. Amundi now owns 2,225,000 shares of the company’s stock worth $9,478,000 after purchasing an additional 75,000 shares during the period. Groupe la Francaise grew its holdings in shares of Dakota Gold by 154.5% during the 1st quarter. Groupe la Francaise now owns 1,400,000 shares of the company’s stock worth $7,041,000 after purchasing an additional 850,000 shares during the period. Finally, Algert Global LLC increased its position in Dakota Gold by 117.6% during the 2nd quarter. Algert Global LLC now owns 1,137,899 shares of the company’s stock worth $4,847,000 after purchasing an additional 615,058 shares in the last quarter. 37.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “buy” rating and issued a $10.75 price target on shares of Dakota Gold in a report on Wednesday, September 30th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.44.

Dakota Gold Stock Performance

NYSE:DC opened at $5.07 on Monday. The firm’s fifty day simple moving average is $5.91 and its 200 day simple moving average is $5.60. Dakota Gold Corp. has a twelve month low of $3.87 and a twelve month high of $7.25. The firm has a market capitalization of $680.26 million, a price-to-earnings ratio of -12.37 and a beta of 1.23.

About Dakota Gold

Dakota Gold Corp. is a mineral exploration and development company focused on discovering and advancing gold deposits in the historic Homestake District of South Dakota. The company’s activities center on evaluating prospective properties, conducting geological and drilling programs, and developing resources rather than producing or selling gold.

Its primary exploration assets include the Richmond Hill and Maitland gold projects, located in the northern Black Hills near the historic Homestake mine.