Lazard Asset Management LLC grew its holdings in Contact Gold Corp (NYSE:C) by 109.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,292,727 shares of the company’s stock after acquiring an additional 4,856,866 shares during the period. Contact Gold Corp comprises about 1.3% of Lazard Asset Management LLC’s investment portfolio, making the stock its 18th biggest position. Lazard Asset Management LLC owned about 0.34% of Contact Gold Corp worth $621,497,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Capital Analysts LLC lifted its position in shares of Contact Gold Corp by 5.4% in the second quarter. Capital Analysts LLC now owns 45,844 shares of the company’s stock valued at $3,066,000 after acquiring an additional 2,367 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Contact Gold Corp by 5.2% in the second quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the company’s stock worth $277,705,000 after purchasing an additional 205,298 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Contact Gold Corp by 2,718.7% in the first quarter. BlackRock Inc. now owns 196,415,461 shares of the company’s stock worth $11,749,573,000 after purchasing an additional 189,447,104 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Contact Gold Corp by 1.0% in the first quarter. Amalgamated Bank now owns 195,156 shares of the company’s stock worth $11,674,000 after purchasing an additional 1,937 shares during the last quarter. Finally, Shelton Capital Management increased its holdings in shares of Contact Gold Corp by 13.9% in the first quarter. Shelton Capital Management now owns 60,400 shares of the company’s stock worth $3,613,000 after purchasing an additional 7,384 shares during the last quarter.
Shares of Contact Gold Corp (C) opened at C$72.25 on Friday. Contact Gold Corp has a twelve month low of C$51.60 and a twelve month high of C$76.14.
Contact Gold Corp (NYSE:C) last posted its earnings results on Thursday, October 12th. The company reported C$1.42 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.32 by C$0.10. The company had revenue of C$18.17 billion during the quarter, compared to analyst estimates of C$17.87 billion. Contact Gold Corp had a return on equity of 7.30% and a net margin of 22.76%. Contact Gold Corp’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.24 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.77%.
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Several equities research analysts have recently issued reports on C shares. Atlantic Securities reaffirmed an “overweight” rating and issued a $85.00 target price (up from $75.00) on shares of Contact Gold Corp in a report on Tuesday, September 26th. Bank of America Corporation reaffirmed a “neutral” rating on shares of Contact Gold Corp in a report on Wednesday, October 11th. Vetr raised Contact Gold Corp from a “buy” rating to a “strong-buy” rating and set a $76.34 price objective on the stock in a research note on Thursday, August 3rd. BMO Capital Markets reissued a “hold” rating and set a $65.00 price objective on shares of Contact Gold Corp in a research note on Friday, October 6th. Finally, Credit Suisse Group reissued a “buy” rating and set a $83.00 price objective (up from $73.00) on shares of Contact Gold Corp in a research note on Monday, October 9th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of C$74.77.
Contact Gold Corp Profile
Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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