Voya Investment Management LLC Has $53,000 Position in Dakota Gold Corp. $DC

Voya Investment Management LLC trimmed its position in Dakota Gold Corp. (NYSE:DC) by 18.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,185 shares of the company’s stock after selling 4,616 shares during the quarter. Voya Investment Management LLC’s holdings in Dakota Gold were worth $53,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DC. Trek Financial LLC grew its holdings in Dakota Gold by 853.7% in the 1st quarter. Trek Financial LLC now owns 1,225,045 shares of the company’s stock valued at $3,246,000 after buying an additional 1,096,590 shares in the last quarter. Amundi acquired a new position in Dakota Gold in the 1st quarter valued at $2,696,000. Donald Smith & CO. Inc. grew its holdings in Dakota Gold by 254.1% in the 1st quarter. Donald Smith & CO. Inc. now owns 1,080,000 shares of the company’s stock valued at $2,862,000 after buying an additional 775,000 shares in the last quarter. Vestcor Inc grew its holdings in Dakota Gold by 36.5% in the 1st quarter. Vestcor Inc now owns 1,511,695 shares of the company’s stock valued at $4,006,000 after buying an additional 404,065 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Dakota Gold in the 1st quarter valued at $738,000. 37.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, BMO Capital Markets reissued an “outperform” rating and set a $9.00 target price (up from $7.50) on shares of Dakota Gold in a report on Thursday, July 10th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $10.50.

Dakota Gold Stock Up 2.6%

Shares of NYSE:DC opened at $4.67 on Thursday. The stock has a market cap of $524.65 million, a price-to-earnings ratio of -11.39 and a beta of 1.13. Dakota Gold Corp. has a 12-month low of $2.05 and a 12-month high of $5.15. The business’s 50 day moving average is $4.25 and its 200 day moving average is $3.60.

About Dakota Gold

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.