Bank of New York Mellon Corp Increases Holdings in Contango Ore, Inc. (NYSEAMERICAN:CTGO)

Bank of New York Mellon Corp raised its position in Contango Ore, Inc. (NYSEAMERICAN:CTGO) by 4.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,652 shares of the company’s stock after buying an additional 966 shares during the period. Bank of New York Mellon Corp owned approximately 0.19% of Contango Ore worth $409,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Contango Ore by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 172,461 shares of the company’s stock valued at $3,423,000 after purchasing an additional 10,848 shares in the last quarter. Sprott Inc. raised its stake in shares of Contango Ore by 0.3% in 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 in the last quarter. Mather Group LLC. acquired a new stake in shares of Contango Ore in the 1st quarter valued at about $28,000. Finally, Wittenberg Investment Management Inc. raised its stake in shares of Contango Ore by 21.5% in the 1st quarter. Wittenberg Investment Management Inc. now owns 29,550 shares of the company’s stock valued at $587,000 after purchasing an additional 5,227 shares in the last quarter. 19.14% of the stock is owned by hedge funds and other institutional investors.

Contango Ore Trading Up 1.6 %

Contango Ore stock opened at $19.36 on Wednesday. Contango Ore, Inc. has a 1 year low of $14.03 and a 1 year high of $25.32.

Contango Ore (NYSEAMERICAN:CTGO) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($1.90) earnings per share for the quarter, missing the consensus estimate of ($1.40) by ($0.50). Equities research analysts anticipate that Contango Ore, Inc. will post -2.98 earnings per share for the current year.

Insider Buying and Selling at Contango Ore

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

Analysts Set New Price Targets

Separately, Roth Mkm dropped their price objective on shares of Contango Ore from $38.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, August 9th.

Contango Ore 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.