Contango Ore, Inc. (NYSEAMERICAN:CTGO) Position Lifted by Rhumbline Advisers

Rhumbline Advisers grew its position in Contango Ore, Inc. (NYSEAMERICAN:CTGO) by 55.1% in the second quarter, Holdings Channel.com reports. The fund owned 9,565 shares of the company’s stock after buying an additional 3,397 shares during the period. Rhumbline Advisers’ holdings in Contango Ore were worth $173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Sprott Inc. boosted its stake in Contango Ore by 0.3% during the 4th quarter. Sprott Inc. now owns 480,234 shares of the company’s stock valued at $8,697,000 after purchasing an additional 1,384 shares during the period. Mather Group LLC. bought a new stake in shares of Contango Ore during the first quarter valued at approximately $28,000. Wittenberg Investment Management Inc. boosted its position in shares of Contango Ore by 21.5% during the first quarter. Wittenberg Investment Management Inc. now owns 29,550 shares of the company’s stock worth $587,000 after buying an additional 5,227 shares during the period. Vanguard Group Inc. boosted its position in shares of Contango Ore by 6.7% during the first quarter. Vanguard Group Inc. now owns 172,461 shares of the company’s stock worth $3,423,000 after buying an additional 10,848 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of 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 worth $409,000 after buying an additional 966 shares during the period. 19.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Joseph S. Compofelice sold 7,460 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $21.14, for a total transaction of $157,704.40. Following the transaction, the director now owns 148,498 shares of the company’s stock, valued at approximately $3,139,247.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Contango Ore news, Director Joseph S. Compofelice sold 7,460 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $21.14, for a total value of $157,704.40. Following the completion of the sale, the director now owns 148,498 shares in the company, valued at approximately $3,139,247.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Aaron Clark sold 1,375 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $21.66, for a total transaction of $29,782.50. Following the transaction, the chief financial officer now directly owns 26,092 shares of the company’s stock, valued at $565,152.72. The disclosure for this sale can be found here. 17.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Roth Mkm lowered their price target on Contango Ore from $38.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, August 9th.

Contango Ore Trading Up 0.1 %

Shares of CTGO stock opened at $19.52 on Monday. Contango Ore, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $25.32.

Contango Ore (NYSEAMERICAN:CTGO) last announced its earnings results on Tuesday, August 13th. The company reported ($1.90) EPS for the quarter, missing the consensus estimate of ($1.40) by ($0.50). On average, equities research analysts expect that Contango Ore, Inc. will post -2.98 EPS for the current fiscal year.

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.