Charles Schwab Investment Management Inc. Has $312,000 Stake in Contango Ore, Inc. (NYSEAMERICAN:CTGO)

Charles Schwab Investment Management Inc. increased its stake in shares of Contango Ore, Inc. (NYSEAMERICAN:CTGO) by 17.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,089 shares of the company’s stock after buying an additional 4,700 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.25% of Contango Ore worth $312,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Franklin Resources Inc. grew its position in 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 during the last quarter. Geode Capital Management LLC grew its holdings in shares of Contango Ore by 58.7% during the 3rd quarter. Geode Capital Management LLC now owns 219,696 shares of the company’s stock valued at $4,233,000 after purchasing an additional 81,227 shares during the last quarter. State Street Corp increased its position in Contango Ore by 11.3% during the 3rd quarter. State Street Corp now owns 156,606 shares of the company’s stock worth $3,016,000 after purchasing an additional 15,859 shares in the last quarter. Jane Street Group LLC bought a new position in Contango Ore in the 3rd quarter valued at approximately $273,000. Finally, Barclays PLC boosted its position in Contango Ore by 372.7% in the third quarter. Barclays PLC now owns 13,987 shares of the company’s stock valued at $270,000 after buying an additional 11,028 shares in the last 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 company a “buy” rating in a research note on Wednesday, February 19th.

Contango Ore Stock Down 2.5 %

NYSEAMERICAN:CTGO opened at $9.95 on Wednesday. Contango Ore, Inc. has a twelve month low of $8.85 and a twelve month high of $25.32. The company has a fifty day moving average of $10.20. The company has a market cap of $121.69 million, a price-to-earnings ratio of -1.27 and a beta of 0.55.

Insider Buying and Selling

In related news, CEO Nieuwenhuyse Rick Van bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The shares were bought at an average price of $9.98 per share, with a total value of $99,800.00. Following the completion of the transaction, the chief executive officer now directly owns 545,869 shares in the company, valued at approximately $5,447,772.62. This represents a 1.87 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 17.80% of the stock is owned by company insiders.

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.