Trek Financial LLC Sells 116,565 Shares of Dakota Gold Corp. $DC

Trek Financial LLC lowered its holdings in Dakota Gold Corp. (NYSE:DC) by 8.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,226,076 shares of the company’s stock after selling 116,565 shares during the quarter. Trek Financial LLC owned approximately 1.09% of Dakota Gold worth $5,579,000 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 DC. Nisa Investment Advisors LLC raised its stake in Dakota Gold by 109.8% in the second quarter. Nisa Investment Advisors LLC now owns 7,070 shares of the company’s stock worth $26,000 after buying an additional 3,700 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Dakota Gold by 15.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,058 shares of the company’s stock worth $118,000 after purchasing an additional 4,377 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Dakota Gold by 120.5% during the second quarter. BNP Paribas Financial Markets now owns 8,309 shares of the company’s stock valued at $31,000 after purchasing an additional 4,541 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Dakota Gold by 130.7% during the second quarter. Ameritas Investment Partners Inc. now owns 8,788 shares of the company’s stock valued at $32,000 after buying an additional 4,978 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Dakota Gold by 15.0% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,127 shares of the company’s stock valued at $174,000 after buying an additional 6,130 shares in the last quarter. 37.41% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Robert Quartermain sold 250,000 shares of Dakota Gold stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $6.88, for a total value of $1,720,000.00. Following the completion of the transaction, the chief executive officer directly owned 7,493,244 shares in the company, valued at approximately $51,553,518.72. This trade represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Shawn Campbell sold 55,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $6.30, for a total value of $346,500.00. Following the sale, the chief financial officer directly owned 179,491 shares in the company, valued at approximately $1,130,793.30. This represents a 23.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 17.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DC. HC Wainwright began coverage on shares of Dakota Gold in a report on Monday, January 5th. They issued a “buy” rating and a $9.75 price target on the stock. Zacks Research raised Dakota Gold to a “hold” rating in a research report on Tuesday, January 6th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Dakota Gold currently has an average rating of “Moderate Buy” and a consensus target price of $10.25.

Dakota Gold Trading Down 1.9%

NYSE:DC traded down $0.13 during trading hours on Friday, hitting $6.87. The stock had a trading volume of 1,756,426 shares, compared to its average volume of 1,618,820. The business has a 50 day simple moving average of $5.51 and a two-hundred day simple moving average of $4.72. Dakota Gold Corp. has a 1-year low of $2.21 and a 1-year high of $7.11. The company has a market cap of $778.11 million, a PE ratio of -16.76 and a beta of 1.08.

Dakota Gold Company Profile

Dakota Gold Corp (NYSE:DC) is a mineral exploration and development company focused on advancing gold projects within the United States. The company’s primary asset is the historic Homestake District in South Dakota’s Black Hills, where it seeks to redevelop gold-bearing tailings and low‐grade ore volumes for open‐pit heap leach processing. Dakota Gold pursues a staged approach, combining exploration, resource delineation and economic studies to unlock value from legacy mine materials.

The firm’s flagship property comprises sealed tailings impoundments and adjacent low‐grade stockpiles left over from the Homestake Gold Mine, which operated from 1876 until 2002.