Geode Capital Management LLC Boosts Stake in Contango Ore, Inc. (NYSEAMERICAN:CTGO)

Geode Capital Management LLC grew its holdings in shares of Contango Ore, Inc. (NYSEAMERICAN:CTGO) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 222,074 shares of the company’s stock after purchasing an additional 2,378 shares during the quarter. Geode Capital Management LLC owned approximately 1.82% of Contango Ore worth $2,226,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. State Street Corp raised its position in shares of Contango Ore by 11.3% during the third quarter. State Street Corp now owns 156,606 shares of the company’s stock valued at $3,016,000 after buying an additional 15,859 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Contango Ore during the 3rd quarter worth $273,000. Barclays PLC increased its position in shares of Contango Ore by 372.7% during the third quarter. Barclays PLC now owns 13,987 shares of the company’s stock worth $270,000 after purchasing an additional 11,028 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Contango Ore during the 3rd quarter worth approximately $40,000. Finally, Franklin Resources Inc. raised its stake in shares of Contango Ore by 207.2% in the third quarter. Franklin Resources Inc. now owns 224,709 shares of the company’s stock worth $4,393,000 after purchasing an additional 151,559 shares during the last quarter. 19.14% of the stock is owned by institutional investors.

Contango Ore Price Performance

Shares of Contango Ore stock opened at $14.17 on Wednesday. The stock’s 50 day simple moving average is $10.82 and its 200-day simple moving average is $14.14. Contango Ore, Inc. has a 1-year low of $8.85 and a 1-year high of $25.32. The stock has a market cap of $173.30 million, a P/E ratio of -1.81 and a beta of 0.55.

Analysts Set New Price Targets

Separately, Fundamental Research set a $29.67 target price on shares of Contango Ore and gave the company a “buy” rating in a research note on Wednesday, February 19th.

Insider Transactions at Contango Ore

In other Contango Ore news, CEO Nieuwenhuyse Rick Van acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was purchased at an average price of $10.22 per share, for a total transaction of $51,100.00. Following the completion of the acquisition, the chief executive officer now owns 550,869 shares of the company’s stock, valued at approximately $5,629,881.18. This trade represents a 0.92 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought 22,500 shares of company stock worth $253,650 in the last 90 days. 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.