John B. Juneau Purchases 8,300 Shares of Contango Ore, Inc. (NYSEAMERICAN:CTGO) Stock

Contango Ore, Inc. (NYSEAMERICAN:CTGO) Director John B. Juneau bought 8,300 shares of the stock in a transaction dated Friday, December 13th. The shares were bought at an average cost of $11.83 per share, with a total value of $98,189.00. Following the completion of the purchase, the director now directly owns 319,411 shares of the company’s stock, valued at approximately $3,778,632.13. This trade represents a 2.67 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Contango Ore Trading Down 3.1 %

CTGO opened at $11.20 on Wednesday. The firm has a market cap of $136.98 million, a price-to-earnings ratio of -1.45 and a beta of 0.48. Contango Ore, Inc. has a 52 week low of $11.10 and a 52 week high of $25.32.

Analyst Upgrades and Downgrades

Separately, Roth Mkm boosted their price objective on shares of Contango Ore from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, October 11th.

Hedge Funds Weigh In On Contango Ore

Several institutional investors have recently made changes to their positions in CTGO. Vanguard Group Inc. increased its position in Contango Ore by 6.7% during the 1st 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. Bank of New York Mellon Corp lifted its position in shares of Contango Ore by 4.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 22,652 shares of the company’s stock worth $409,000 after purchasing an additional 966 shares during the period. Rhumbline Advisers boosted its stake in shares of 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 purchasing an additional 3,397 shares in the last quarter. Fore Capital LLC purchased a new position in Contango Ore during the second quarter valued at approximately $201,000. Finally, Marshall Wace LLP bought a new position in Contango Ore in the second quarter worth approximately $185,000. Hedge funds and other institutional investors own 19.14% of the company’s stock.

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.