Contango Ore (CTGO) Projected to Post Quarterly Earnings on Wednesday

Contango Ore (NYSEAMERICAN:CTGO - Get Free Report) will likely be releasing its earnings data on Wednesday, March 12th. Analysts expect Contango Ore to post earnings of ($0.21) per share and revenue of $5.67 million for the quarter.

Contango Ore Stock Down 0.1 %

Shares of NYSEAMERICAN CTGO traded down $0.01 during midday trading on Friday, reaching $9.75. 61,585 shares of the stock were exchanged, compared to its average volume of 91,638. The firm has a 50 day moving average of $10.39. The stock has a market cap of $119.24 million, a PE ratio of -1.25 and a beta of 0.55. Contango Ore has a twelve month low of $8.85 and a twelve month high of $25.32.

Insider Buying and Selling

In related news, Director John B. Juneau purchased 8,300 shares of the business's stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average cost of $11.83 per share, for a total transaction of $98,189.00. Following the purchase, the director now directly owns 319,411 shares of the company's stock, valued at $3,778,632.13. The trade was a 2.67 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 17.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Contango Ore stock. Bank of America Corp DE lifted its position in shares of Contango Ore, Inc. (NYSEAMERICAN:CTGO - Free Report) by 40.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,262 shares of the company's stock after acquiring an additional 2,936 shares during the quarter. Bank of America Corp DE owned 0.08% of Contango Ore worth $103,000 at the end of the most recent quarter. 19.14% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Separately, Fundamental Research set a $29.67 price objective on shares of Contango Ore and gave the stock a "buy" rating in a research report on Wednesday, February 19th.

Contango Ore Company Profile

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.