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

Contango Ore (NYSEAMERICAN:CTGO - Free Report) had its price target boosted by Roth Mkm from $33.00 to $37.00 in a research report report published on Friday, Benzinga reports. They currently have a buy rating on the stock.

Contango Ore Price Performance

Shares of NYSEAMERICAN CTGO traded up $0.70 during midday trading on Friday, reaching $19.66. 56,061 shares of the stock were exchanged, compared to its average volume of 57,139. Contango Ore has a twelve month low of $14.03 and a twelve month high of $25.32. The stock has a market capitalization of $240.25 million, a price-to-earnings ratio of -2.32 and a beta of 0.59.

Contango Ore (NYSEAMERICAN:CTGO - Get Free Report) last announced its earnings results on Tuesday, August 13th. The company reported ($1.90) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.40) by ($0.50). Analysts anticipate that Contango Ore will post -2.98 earnings per share for the current fiscal year.

Insider Transactions at Contango Ore

In other Contango Ore news, Director Joseph S. Compofelice sold 7,460 shares of the firm's stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $21.14, for a total value of $157,704.40. Following the completion of the sale, the director now directly owns 148,498 shares of the company's stock, valued at $3,139,247.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Joseph S. Compofelice sold 7,460 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $21.14, for a total value of $157,704.40. Following the completion of the sale, the director now owns 148,498 shares of the company's stock, valued at $3,139,247.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Michael Aaron Clark sold 1,375 shares of Contango Ore stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $21.66, for a total transaction 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 disclosure for this sale can be found here. Insiders own 17.80% of the company's stock.

Institutional Investors Weigh In On Contango Ore

A number of institutional investors have recently made changes to their positions in CTGO. Mather Group LLC. purchased a new stake in shares of Contango Ore in the 1st quarter valued at $28,000. Rhumbline Advisers lifted its position in shares of 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 in the last quarter. Marshall Wace LLP acquired a new stake in shares of Contango Ore during the second quarter worth about $185,000. Fore Capital LLC purchased a new position in shares of Contango Ore in the second quarter valued at approximately $201,000. Finally, Bank of New York Mellon Corp grew 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 in the last quarter. 19.14% of the stock is currently owned by institutional investors and hedge funds.

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.