Mather Group LLC. Takes Position in Contango Ore, Inc. (NYSEAMERICAN:CTGO)

Mather Group LLC. purchased a new stake in shares of Contango Ore, Inc. (NYSEAMERICAN:CTGO) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,550 shares of the company’s stock, valued at approximately $28,000.

Separately, Luminus Management LLC acquired a new position in shares of Contango Ore during the 3rd quarter worth approximately $509,000. 19.14% of the stock is currently owned by hedge funds and other institutional investors.

Contango Ore Stock Performance

Shares of NYSEAMERICAN CTGO opened at $17.55 on Wednesday. The company has a debt-to-equity ratio of 2.98, a current ratio of 0.28 and a quick ratio of 0.28. Contango Ore, Inc. has a 52-week low of $14.03 and a 52-week high of $28.51.

Contango Ore (NYSEAMERICAN:CTGO) last released its earnings results on Tuesday, May 14th. The company reported ($0.51) earnings per share for the quarter, beating the consensus estimate of ($1.51) by $1.00. As a group, research analysts forecast that Contango Ore, Inc. will post -5.82 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Roth Mkm reiterated a “buy” rating and issued a $38.00 price objective on shares of Contango Ore in a report on Thursday, May 16th. Fundamental Research set a $29.67 price target on Contango Ore and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Finally, Cormark initiated coverage on Contango Ore in a report on Friday, March 22nd. They issued a “buy” rating and a $27.50 price objective on the stock.

Insider Activity at Contango Ore

In other news, Director Joseph S. Compofelice sold 2,920 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $20.60, for a total transaction of $60,152.00. Following the completion of the transaction, the director now directly owns 160,958 shares of the company’s stock, valued at $3,315,734.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Joseph S. Compofelice sold 2,920 shares of Contango Ore stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $20.60, for a total transaction of $60,152.00. Following the completion of the sale, the director now directly owns 160,958 shares of the company’s stock, valued at approximately $3,315,734.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Nieuwenhuyse Rick Van sold 5,401 shares of the business’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $20.10, for a total transaction of $108,560.10. Following the transaction, the chief executive officer now owns 488,332 shares of the company’s stock, valued at approximately $9,815,473.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,584 shares of company stock worth $314,973. Company insiders own 17.80% 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.