Contango Ore (CTGO) to Release Earnings on Wednesday

Contango Ore (NYSEAMERICAN:CTGO) is expected to announce its earnings results on Wednesday, March 12th. Analysts expect the company to announce earnings of ($0.21) per share for the quarter.

Contango Ore Trading Up 7.8 %

Contango Ore stock opened at $9.70 on Wednesday. Contango Ore has a fifty-two week low of $8.85 and a fifty-two week high of $25.32. The company has a market cap of $118.63 million, a price-to-earnings ratio of -1.24 and a beta of 0.55.

Insider Activity

In other Contango Ore news, Director John B. Juneau bought 8,300 shares of Contango Ore stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of $11.83 per share, with a total value of $98,189.00. Following the completion of the acquisition, the director now owns 319,411 shares in the company, valued at approximately $3,778,632.13. This represents a 2.67 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 17.80% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Contango Ore stock. Bank of America Corp DE lifted its position in shares of Contango Ore, Inc. (NYSEAMERICAN:CTGO) by 40.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,262 shares of the company’s stock after buying an additional 2,936 shares during the quarter. Bank of America Corp DE owned approximately 0.08% of Contango Ore worth $103,000 at the end of the most recent quarter. Institutional investors own 19.14% of the company’s stock.

Analysts Set New Price Targets

Separately, Fundamental Research set a $29.67 price target on Contango Ore and gave the stock a “buy” rating in a research note on Wednesday, February 19th.

About Contango Ore

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.