Contango Ore (NYSEAMERICAN:CTGO) PT Raised to $37.00 at Roth Mkm

Contango Ore (NYSEAMERICAN:CTGO) had its price objective hoisted by Roth Mkm from $33.00 to $37.00 in a research note released on Friday, Benzinga reports. Roth Mkm currently has a buy rating on the stock.

Contango Ore Stock Down 1.0 %

CTGO opened at $19.47 on Friday. Contango Ore has a fifty-two week low of $14.03 and a fifty-two week high of $25.32. The company has a market cap of $237.92 million, a P/E ratio of -2.30 and a beta of 0.59.

Contango Ore (NYSEAMERICAN:CTGO) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($1.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.40) by ($0.50). On average, equities research analysts anticipate that Contango Ore will post -2.98 earnings per share for the current fiscal year.

Insider Activity

In other Contango Ore news, Director Joseph S. Compofelice sold 7,460 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $21.14, for a total transaction of $157,704.40. Following the completion of the transaction, the director now owns 148,498 shares in the company, valued at approximately $3,139,247.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Contango Ore news, CFO Michael Aaron Clark sold 1,375 shares of Contango Ore stock in a transaction on Monday, August 26th. The shares were sold at an average price of $21.66, for a total value of $29,782.50. Following the sale, the chief financial officer now directly owns 26,092 shares in the company, valued at approximately $565,152.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph S. Compofelice sold 7,460 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $21.14, for a total transaction of $157,704.40. Following the transaction, the director now owns 148,498 shares of the company’s stock, valued at approximately $3,139,247.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 17.80% of the company’s stock.

Hedge Funds Weigh In On Contango Ore

Hedge funds and other institutional investors have recently made changes to their positions in the company. Marshall Wace LLP acquired a new stake in shares of Contango Ore in the second quarter valued at approximately $185,000. Fore Capital LLC acquired a new stake in Contango Ore during the 2nd quarter valued at $201,000. Rhumbline Advisers boosted its position in Contango Ore by 55.1% during the second quarter. Rhumbline Advisers now owns 9,565 shares of the company’s stock worth $173,000 after purchasing an additional 3,397 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Contango Ore by 4.5% in the second quarter. Bank of New York Mellon Corp now owns 22,652 shares of the company’s stock valued at $409,000 after purchasing an additional 966 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Contango Ore by 6.7% in the first quarter. Vanguard Group Inc. now owns 172,461 shares of the company’s stock valued at $3,423,000 after purchasing an additional 10,848 shares during the period. 19.14% of the stock is owned by institutional investors.

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.