Trek Financial LLC Acquires 1,096,590 Shares of Dakota Gold Corp. (NYSE:DC)

Trek Financial LLC lifted its holdings in Dakota Gold Corp. (NYSE:DC - Free Report) by 853.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,225,045 shares of the company's stock after buying an additional 1,096,590 shares during the period. Trek Financial LLC owned approximately 1.23% of Dakota Gold worth $3,246,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bridgeway Capital Management LLC boosted its stake in Dakota Gold by 2.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 228,500 shares of the company's stock valued at $503,000 after acquiring an additional 5,000 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Dakota Gold by 29.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 28,317 shares of the company's stock valued at $63,000 after acquiring an additional 6,416 shares during the last quarter. ProShare Advisors LLC boosted its stake in Dakota Gold by 54.5% in the fourth quarter. ProShare Advisors LLC now owns 19,735 shares of the company's stock valued at $43,000 after acquiring an additional 6,965 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Dakota Gold by 6.6% in the first quarter. Bank of New York Mellon Corp now owns 152,109 shares of the company's stock valued at $403,000 after acquiring an additional 9,396 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Dakota Gold by 28.0% in the fourth quarter. Wells Fargo & Company MN now owns 51,129 shares of the company's stock valued at $112,000 after acquiring an additional 11,185 shares during the last quarter. Hedge funds and other institutional investors own 37.41% of the company's stock.

Dakota Gold Price Performance

Shares of NYSE DC remained flat at $4.14 during midday trading on Friday. 671,411 shares of the stock traded hands, compared to its average volume of 410,163. The company's 50 day simple moving average is $3.47 and its two-hundred day simple moving average is $2.96. Dakota Gold Corp. has a one year low of $1.84 and a one year high of $4.30. The stock has a market cap of $411.83 million, a price-to-earnings ratio of -10.10 and a beta of 1.12.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Canaccord Genuity Group set a $12.00 target price on shares of Dakota Gold in a research note on Tuesday, June 3rd. BMO Capital Markets reiterated an "outperform" rating and issued a $9.00 target price (up from $7.50) on shares of Dakota Gold in a research note on Thursday.

Dakota Gold Profile

Dakota Gold Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. It primarily explores for gold deposits. The company holds 100% interest in the Blind Gold, City Creek, Tinton, West Corridor, Ragged Top, Poorman Anticline, Maitland, South Lead/ Whistler Gulch, the Barrick Option, Richmond Hill and Homestake Paleoplacer Properties located in Homestake Mining District, South Dakota.