Contango Ore (NYSEAMERICAN:CTGO) Given a $29.67 Price Target at Fundamental Research

Fundamental Research set a $29.67 target price on Contango Ore (NYSEAMERICAN:CTGO) in a report published on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Contango Ore Trading Down 4.2 %

Contango Ore stock opened at $9.77 on Wednesday. Contango Ore has a one year low of $9.65 and a one year high of $25.32. The company has a market capitalization of $119.49 million, a P/E ratio of -1.25 and a beta of 0.55.

Insider Activity

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

Institutional Trading of Contango Ore

Several large investors have recently modified their holdings of CTGO. Wilmington Savings Fund Society FSB bought a new stake in Contango Ore in the 3rd quarter valued at about $40,000. Quantbot Technologies LP acquired a new stake in Contango Ore in the third quarter valued at approximately $57,000. JPMorgan Chase & Co. grew its stake in Contango Ore by 32.0% in the third quarter. JPMorgan Chase & Co. now owns 4,657 shares of the company’s stock valued at $90,000 after acquiring an additional 1,129 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Contango Ore by 36.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,715 shares of the company’s stock valued at $57,000 after acquiring an additional 1,522 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Contango Ore by 93.6% during the fourth quarter. Deutsche Bank AG now owns 8,023 shares of the company’s stock worth $80,000 after purchasing an additional 3,879 shares during the period. Institutional investors and hedge funds own 19.14% of the company’s stock.

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.