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

Barclays PLC lifted its holdings in Contango Ore, Inc. (NYSEAMERICAN:CTGO) by 372.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,987 shares of the company’s stock after purchasing an additional 11,028 shares during the period. Barclays PLC’s holdings in Contango Ore were worth $270,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in Contango Ore by 4.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 22,652 shares of the company’s stock worth $409,000 after acquiring an additional 966 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Contango Ore during the 3rd quarter valued at approximately $57,000. Rhumbline Advisers grew its holdings in Contango Ore by 55.1% during the 2nd quarter. Rhumbline Advisers now owns 9,565 shares of the company’s stock valued at $173,000 after buying an additional 3,397 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Contango Ore by 27.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 26,389 shares of the company’s stock valued at $508,000 after buying an additional 5,630 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Contango Ore during the 2nd quarter valued at approximately $185,000. 19.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Roth Mkm increased their price objective on shares of Contango Ore from $33.00 to $37.00 and gave the company a “buy” rating in a report on Friday, October 11th.

Insider Activity

In related news, Director John B. Juneau purchased 8,300 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average cost of $11.83 per share, for a total transaction of $98,189.00. Following the completion of the transaction, the director now directly owns 319,411 shares in the company, valued at $3,778,632.13. This represents a 2.67 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 17.80% of the company’s stock.

Contango Ore Stock Up 4.6 %

NYSEAMERICAN CTGO opened at $11.10 on Monday. The company has a market cap of $135.75 million, a PE ratio of -1.42 and a beta of 0.48. Contango Ore, Inc. has a one year low of $9.65 and a one year high of $25.32.

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.