Bank of New York Mellon Corp Has $224,000 Position in Contango Ore, Inc. (NYSEAMERICAN:CTGO)

Bank of New York Mellon Corp raised its holdings in Contango Ore, Inc. (NYSEAMERICAN:CTGO) by 8.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,384 shares of the company’s stock after buying an additional 1,737 shares during the quarter. Bank of New York Mellon Corp owned 0.18% of Contango Ore worth $224,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new position in shares of Contango Ore during the 3rd quarter worth approximately $40,000. Quantbot Technologies LP bought a new position in shares of Contango Ore during the third quarter valued at $57,000. JPMorgan Chase & Co. boosted its stake in shares of Contango Ore by 32.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,657 shares of the company’s stock valued at $90,000 after purchasing an additional 1,129 shares in the last quarter. Barclays PLC grew its holdings in shares of Contango Ore by 372.7% in the 3rd quarter. Barclays PLC now owns 13,987 shares of the company’s stock worth $270,000 after purchasing an additional 11,028 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Contango Ore during the 3rd quarter worth about $273,000. 19.14% of the stock is owned by institutional investors.

Insider Transactions at Contango Ore

In other Contango Ore news, CEO Nieuwenhuyse Rick Van acquired 10,000 shares of Contango Ore stock in a transaction on Tuesday, March 25th. The shares were purchased at an average cost of $9.98 per share, with a total value of $99,800.00. Following the completion of the purchase, the chief executive officer now owns 545,869 shares in the company, valued at $5,447,772.62. The trade was a 1.87 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 17.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Contango Ore Trading Up 0.6 %

Shares of NYSEAMERICAN:CTGO opened at $10.08 on Friday. The company has a market cap of $123.28 million, a price-to-earnings ratio of -1.29 and a beta of 0.55. Contango Ore, Inc. has a 12 month low of $8.85 and a 12 month high of $25.32. The stock’s 50-day moving average is $10.20.

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.