Roth Mkm Raises Contango Ore (NYSEAMERICAN:CTGO) Price Target to $37.00

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

Contango Ore Stock Performance

Shares of Contango Ore stock opened at $19.66 on Friday. The stock has a market cap of $240.25 million, a PE ratio of -2.32 and a beta of 0.59. Contango Ore has a 12 month low of $14.03 and a 12 month high of $25.32.

Contango Ore (NYSEAMERICAN:CTGO) last released its earnings results on Tuesday, August 13th. The company reported ($1.90) EPS for the quarter, missing the consensus estimate of ($1.40) by ($0.50). Research analysts forecast that Contango Ore will post -2.98 EPS for the current year.

Insider Buying and Selling

In other Contango Ore news, Director Joseph S. Compofelice sold 7,460 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $21.14, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Joseph S. Compofelice sold 7,460 shares of Contango Ore stock in a transaction 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 sale, the director now owns 148,498 shares in the company, valued at $3,139,247.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Michael Aaron Clark sold 1,375 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $21.66, for a total transaction of $29,782.50. Following the completion of the transaction, the chief financial officer now owns 26,092 shares of the company’s stock, valued at $565,152.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.80% of the stock is owned by insiders.

Institutional Trading of Contango Ore

A number of hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP bought a new stake in shares of Contango Ore in the second quarter worth approximately $185,000. Fore Capital LLC purchased a new position in Contango Ore in the second quarter worth about $201,000. Rhumbline Advisers increased its holdings in Contango Ore by 55.1% during the second quarter. Rhumbline Advisers now owns 9,565 shares of the company’s stock valued at $173,000 after buying an additional 3,397 shares during the last quarter. Bank of New York Mellon Corp raised its position in 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 worth $409,000 after acquiring an additional 966 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Contango Ore by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 172,461 shares of the company’s stock worth $3,423,000 after acquiring an additional 10,848 shares during the last quarter. 19.14% of the stock is owned by institutional investors.

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.