Trek Financial LLC Raises Stake in Dakota Gold Corp. (NYSE:DC)

Trek Financial LLC boosted its position in Dakota Gold Corp. (NYSE:DC - Free Report) by 853.7% during the first quarter, according to the company in its most recent disclosure 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of DC. Charles Schwab Investment Management Inc. boosted its position in Dakota Gold by 8.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 194,745 shares of the company's stock worth $428,000 after purchasing an additional 15,081 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Dakota Gold by 28.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 178,102 shares of the company's stock worth $392,000 after purchasing an additional 38,964 shares in the last quarter. Vestcor Inc boosted its position in Dakota Gold by 7.6% in the 4th quarter. Vestcor Inc now owns 1,107,630 shares of the company's stock worth $2,437,000 after purchasing an additional 78,135 shares in the last quarter. Intech Investment Management LLC boosted its position in Dakota Gold by 200.7% in the 4th quarter. Intech Investment Management LLC now owns 30,369 shares of the company's stock worth $67,000 after purchasing an additional 20,270 shares in the last quarter. Finally, Symmetry Partners LLC purchased a new stake in Dakota Gold in the 4th quarter worth approximately $82,000. Hedge funds and other institutional investors own 37.41% of the company's stock.

Dakota Gold Stock Down 4.0%

Shares of DC traded down $0.16 during midday trading on Tuesday, reaching $3.88. The company had a trading volume of 495,638 shares, compared to its average volume of 396,079. Dakota Gold Corp. has a 1-year low of $1.84 and a 1-year high of $4.31. The stock has a market cap of $385.87 million, a PE ratio of -9.58 and a beta of 1.12. The firm has a 50 day simple moving average of $3.36 and a 200-day simple moving average of $2.92.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group set a $12.00 target price on Dakota Gold in a research report on Tuesday, June 3rd.

Dakota Gold Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.