Barclays PLC Purchases 11,028 Shares of Contango Ore, Inc. (NYSEAMERICAN:CTGO)

Barclays PLC increased its position in Contango Ore, Inc. (NYSEAMERICAN:CTGO) by 372.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,987 shares of the company’s stock after acquiring an additional 11,028 shares during the quarter. Barclays PLC owned about 0.11% of Contango Ore worth $270,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in Contango Ore by 4.5% during the second quarter. Bank of New York Mellon Corp now owns 22,652 shares of the company’s stock valued at $409,000 after purchasing an additional 966 shares during the last quarter. Rhumbline Advisers lifted its holdings 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 acquiring an additional 3,397 shares during the last quarter. Fore Capital LLC bought a new stake in shares of Contango Ore in the 2nd quarter worth approximately $201,000. Marshall Wace LLP bought a new stake in shares of Contango Ore in the 2nd quarter worth approximately $185,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Contango Ore by 27.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 26,389 shares of the company’s stock worth $508,000 after acquiring an additional 5,630 shares during the last quarter. 19.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director John B. Juneau bought 8,300 shares of the stock in a transaction on Friday, December 13th. The shares were acquired at an average price of $11.83 per share, for a total transaction of $98,189.00. Following the purchase, the director now owns 319,411 shares of the company’s stock, valued at approximately $3,778,632.13. The trade was a 2.67 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 17.80% of the stock is currently owned by company insiders.

Contango Ore Trading Up 4.6 %

Shares of Contango Ore stock opened at $11.10 on Monday. The stock has a market capitalization of $135.75 million, a P/E ratio of -1.42 and a beta of 0.48. Contango Ore, Inc. has a 1 year low of $9.65 and a 1 year high of $25.32.

Analysts Set New Price Targets

Separately, Roth Mkm lifted their target price on shares of Contango Ore from $33.00 to $37.00 and gave the stock a “buy” rating in a research note 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.