Charles Schwab Investment Management Inc. Reduces Holdings in Dakota Gold Corp. (NYSE:DC)

Charles Schwab Investment Management Inc. trimmed its stake in shares of Dakota Gold Corp. (NYSE:DC) by 6.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 179,664 shares of the company’s stock after selling 12,227 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.19% of Dakota Gold worth $424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of DC. Bank of New York Mellon Corp increased its position in shares of Dakota Gold by 32.1% in the second quarter. Bank of New York Mellon Corp now owns 194,347 shares of the company’s stock valued at $496,000 after acquiring an additional 47,172 shares during the period. Rhumbline Advisers increased its holdings in Dakota Gold by 17.3% during the 2nd quarter. Rhumbline Advisers now owns 80,867 shares of the company’s stock valued at $206,000 after purchasing an additional 11,926 shares during the period. Strategy Asset Managers LLC raised its position in Dakota Gold by 141.6% during the 2nd quarter. Strategy Asset Managers LLC now owns 45,900 shares of the company’s stock valued at $117,000 after purchasing an additional 26,900 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Dakota Gold by 6.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 367,629 shares of the company’s stock valued at $937,000 after purchasing an additional 23,260 shares during the last quarter. Finally, Donald Smith & CO. Inc. purchased a new stake in Dakota Gold in the 2nd quarter worth approximately $778,000. 37.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, BMO Capital Markets began coverage on Dakota Gold in a report on Friday, September 6th. They set an “outperform” rating and a $6.00 target price for the company.

Insiders Place Their Bets

In other Dakota Gold news, CEO Robert Quartermain bought 20,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average price of $2.28 per share, for a total transaction of $45,600.00. Following the acquisition, the chief executive officer now owns 7,522,877 shares in the company, valued at approximately $17,152,159.56. This represents a 0.27 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders purchased 85,946 shares of company stock worth $189,863 over the last three months. Company insiders own 26.02% of the company’s stock.

Dakota Gold Trading Up 1.0 %

Shares of DC opened at $2.10 on Friday. Dakota Gold Corp. has a 1-year low of $1.84 and a 1-year high of $3.25. The firm’s 50-day moving average price is $2.27 and its 200-day moving average price is $2.32. The firm has a market capitalization of $198.30 million, a price-to-earnings ratio of -5.12 and a beta of 1.11.

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.