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

Contango Ore (NYSEAMERICAN:CTGO) received a $29.67 price objective from investment analysts at Fundamental Research in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Fundamental Research’s price target would suggest a potential upside of 187.14% from the company’s previous close.

Contango Ore Trading Down 6.5 %

Shares of NYSEAMERICAN CTGO traded down $0.72 during mid-day trading on Wednesday, hitting $10.33. The company’s stock had a trading volume of 48,007 shares, compared to its average volume of 85,217. Contango Ore has a one year low of $9.65 and a one year high of $25.32. The firm has a market capitalization of $126.37 million, a PE ratio of -1.32 and a beta of 0.55.

Insider Transactions at Contango Ore

In other Contango Ore news, Director John B. Juneau bought 8,300 shares of Contango Ore stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $11.83 per share, with a total value of $98,189.00. Following the completion of the transaction, the director now owns 319,411 shares in the company, valued at $3,778,632.13. The trade was a 2.67 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 17.80% of the company’s stock.

Institutional Trading of Contango Ore

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

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.