Dakota Gold Corp. $DC Stock: Trek Financial LLC Lowers Position

Key Points

• Trek Financial LLC reduced its Dakota Gold position by 33.5% in the third quarter, selling 453,759 shares and retaining 899,194 shares worth approximately $5.48 million.
• Other institutional investors made mixed moves, while hedge funds and institutions collectively owned 37.41% of Dakota Gold at the latest reporting date.
• Analysts remain generally positive: four rate the stock Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average price target of $12.44 versus a recent price of $5.07.

Trek Financial LLC lessened its position in Dakota Gold Corp. (NYSE:DC - Free Report) by 33.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 899,194 shares of the company's stock after selling 453,759 shares during the period. Trek Financial LLC owned about 0.67% of Dakota Gold worth $5,476,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Moss Adams Wealth Advisors LLC acquired a new position in Dakota Gold in the 3rd quarter valued at $81,000. IFP Advisors Inc boosted its holdings in shares of Dakota Gold by 552.4% during the third quarter. IFP Advisors Inc now owns 44,835 shares of the company's stock worth $273,000 after purchasing an additional 37,963 shares during the last quarter. Global Strategic Management Inc. boosted its holdings in shares of Dakota Gold by 0.7% during the third quarter. Global Strategic Management Inc. now owns 502,184 shares of the company's stock worth $3,058,000 after purchasing an additional 3,400 shares during the last quarter. Hickory Point Bank & Trust purchased a new stake in shares of Dakota Gold in the third quarter valued at $30,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Dakota Gold in the second quarter valued at $91,000. Hedge funds and other institutional investors own 37.41% of the company's stock.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a "buy" rating and issued a $10.75 target price on shares of Dakota Gold in a research note on Wednesday, September 30th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Dakota Gold has an average rating of "Moderate Buy" and a consensus price target of $12.44.

Dakota Gold Stock Performance

DC opened at $5.07 on Monday. Dakota Gold Corp. has a 1 year low of $3.87 and a 1 year high of $7.25. The company's 50 day simple moving average is $5.91 and its 200 day simple moving average is $5.60. The stock has a market capitalization of $680.26 million, a PE ratio of -12.37 and a beta of 1.23.

Dakota Gold Company Profile

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.

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