Contango Ore, Inc. (NYSEAMERICAN:CTGO - Get Free Report) Director John B. Juneau acquired 8,300 shares of the company's stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of $11.83 per share, for a total transaction 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 represents a 2.67 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Contango Ore Stock Up 1.1 %
Shares of Contango Ore stock opened at $11.56 on Tuesday. The firm has a market cap of $141.38 million, a P/E ratio of -1.48 and a beta of 0.48. Contango Ore, Inc. has a 12-month low of $11.23 and a 12-month high of $25.32.
Analyst Ratings Changes
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 report on Friday, October 11th.
View Our Latest Stock Report on Contango Ore
Hedge Funds Weigh In On Contango Ore
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A number of hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. grew its holdings in shares of Contango Ore by 207.2% in the third quarter. Franklin Resources Inc. now owns 224,709 shares of the company's stock valued at $4,393,000 after acquiring an additional 151,559 shares in the last quarter. Geode Capital Management LLC boosted its position in Contango Ore by 58.7% in the third quarter. Geode Capital Management LLC now owns 219,696 shares of the company's stock worth $4,233,000 after purchasing an additional 81,227 shares during the last quarter. State Street Corp grew its stake in Contango Ore by 11.3% in 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 period. Jane Street Group LLC purchased a new stake in shares of Contango Ore during the 3rd quarter valued at $273,000. Finally, Fore Capital LLC bought a new stake in shares of Contango Ore during the 2nd quarter worth $201,000. 19.14% of the stock is owned by hedge funds and other institutional investors.
Contango Ore Company Profile
(
Get Free Report)
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.
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