Geode Capital Management LLC Acquires 81,227 Shares of Contango Ore, Inc. (NYSEAMERICAN:CTGO)

Geode Capital Management LLC increased its position in Contango Ore, Inc. (NYSEAMERICAN:CTGO - Free Report) by 58.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 219,696 shares of the company's stock after buying an additional 81,227 shares during the quarter. Geode Capital Management LLC owned 1.80% of Contango Ore worth $4,233,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp raised its position in Contango Ore by 11.3% during the 3rd quarter. State Street Corp now owns 156,606 shares of the company's stock valued at $3,016,000 after purchasing an additional 15,859 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Contango Ore by 27.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 26,389 shares of the company's stock valued at $508,000 after buying an additional 5,630 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Contango Ore by 4.5% during the second quarter. Bank of New York Mellon Corp now owns 22,652 shares of the company's stock valued at $409,000 after acquiring an additional 966 shares in the last quarter. Jane Street Group LLC purchased a new stake in Contango Ore in the third quarter worth $273,000. Finally, Barclays PLC boosted its stake in shares of Contango Ore by 372.7% during the 3rd quarter. Barclays PLC now owns 13,987 shares of the company's stock valued at $270,000 after purchasing an additional 11,028 shares in the last quarter. 19.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Roth Mkm upped their target price on shares of Contango Ore from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Friday, October 11th.

Insider Buying and Selling at Contango Ore

In other Contango Ore news, Director John B. Juneau purchased 8,300 shares of the company's stock in a transaction dated Friday, December 13th. The shares were acquired at an average price 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 17.80% of the stock is owned by corporate insiders.

Contango Ore Stock Down 5.4 %

Shares of NYSEAMERICAN CTGO traded down $0.60 during trading on Monday, reaching $10.50. 96,263 shares of the company traded hands, compared to its average volume of 96,954. Contango Ore, Inc. has a 52-week low of $9.65 and a 52-week high of $25.32. The company has a market cap of $128.42 million, a PE ratio of -1.34 and a beta of 0.48.

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.