Contango Ore (CTGO) Expected to Announce Earnings on Wednesday

Contango Ore (NYSEAMERICAN:CTGO) is projected to announce its earnings results on Wednesday, March 12th. Analysts expect the company to announce earnings of ($0.21) per share and revenue of $5.67 million for the quarter.

Contango Ore Price Performance

Shares of CTGO opened at $9.02 on Tuesday. The firm has a market cap of $110.31 million, a P/E ratio of -1.15 and a beta of 0.55. The stock’s 50-day moving average is $10.34. Contango Ore has a 12 month low of $8.85 and a 12 month high of $25.32.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a $29.67 target price on Contango Ore and gave the company a “buy” rating in a report on Wednesday, February 19th.

Insider Activity at Contango Ore

In other Contango Ore news, Director John B. Juneau purchased 8,300 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of $11.83 per share, for a total transaction of $98,189.00. Following the acquisition, the director now owns 319,411 shares in the company, valued at approximately $3,778,632.13. The trade was a 2.67 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 17.80% of the stock is owned by company insiders.

Institutional Trading of Contango Ore

A hedge fund recently raised its stake in Contango Ore stock. Bank of America Corp DE increased its position in Contango Ore, Inc. (NYSEAMERICAN:CTGO) by 40.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,262 shares of the company’s stock after buying an additional 2,936 shares during the period. Bank of America Corp DE owned 0.08% of Contango Ore worth $103,000 at the end of the most recent reporting period. 19.14% of the stock is owned by institutional investors and hedge funds.

About Contango Ore

Contango Ore, Inc, an exploration stage company, engages in the exploration and development of mineral properties in Alaska, the United States. It primarily explores for gold, silver, and copper ores. The company was founded in 2009 and is headquartered in Fairbanks, Alaska.