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

Geode Capital Management LLC grew its position in shares of Contango Ore, Inc. (NYSEAMERICAN:CTGO) by 58.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 219,696 shares of the company’s stock after acquiring an additional 81,227 shares during the period. Geode Capital Management LLC owned about 1.80% of Contango Ore worth $4,233,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its stake 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. Quantbot Technologies LP bought a new position in Contango Ore in the 3rd quarter worth $57,000. Rhumbline Advisers lifted its position in shares of Contango Ore by 55.1% in the 2nd quarter. Rhumbline Advisers now owns 9,565 shares of the company’s stock worth $173,000 after purchasing an additional 3,397 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Contango Ore by 27.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 26,389 shares of the company’s stock valued at $508,000 after purchasing an additional 5,630 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Contango Ore during the second quarter valued at about $185,000. 19.14% of the stock is currently owned by hedge funds and other institutional investors.

Contango Ore Stock Up 4.6 %

Shares of Contango Ore stock opened at $11.10 on Monday. Contango Ore, Inc. has a 12 month low of $9.65 and a 12 month high of $25.32. The firm has a market cap of $135.75 million, a price-to-earnings ratio of -1.42 and a beta of 0.48.

Insider Transactions at Contango Ore

In other news, Director John B. Juneau acquired 8,300 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 319,411 shares of the company’s stock, valued at $3,778,632.13. This trade represents a 2.67 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 17.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Roth Mkm raised their price objective 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.

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.