Contango ORE (NYSEAMERICAN:CTGO) CEO Nieuwenhuyse Rick Van Buys 4,111 Shares of Stock

Contango ORE, Inc. (NYSEAMERICAN:CTGO) CEO Nieuwenhuyse Rick Van purchased 4,111 shares of Contango ORE stock in a transaction on Thursday, June 25th. The stock was bought at an average price of $15.24 per share, with a total value of $62,651.64. Following the completion of the acquisition, the chief executive officer directly owned 555,251 shares of the company’s stock, valued at approximately $8,462,025.24. This trade represents a 0.75% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Contango ORE Price Performance

CTGO stock opened at $15.74 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.27 and a quick ratio of 1.27. The company’s 50-day moving average is $20.40 and its 200-day moving average is $24.13. The stock has a market capitalization of $509.50 million, a PE ratio of -8.55 and a beta of -0.06. Contango ORE, Inc. has a 1 year low of $14.50 and a 1 year high of $34.38.

Contango ORE (NYSEAMERICAN:CTGO) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.83) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.99). Equities research analysts expect that Contango ORE, Inc. will post 0.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Zacks Research raised shares of Contango ORE to a “hold” rating in a research report on Wednesday, May 20th. Canaccord Genuity Group started coverage on Contango ORE in a research report on Thursday, March 26th. They set a “buy” rating and a $32.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.50.

Hedge Funds Weigh In On Contango ORE

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of Contango ORE by 1,908.3% in the first quarter. Bank of America Corp DE now owns 207,841 shares of the company’s stock valued at $3,897,000 after acquiring an additional 197,492 shares in the last quarter. Royal Bank of Canada lifted its holdings in Contango ORE by 6,539.8% during the first quarter. Royal Bank of Canada now owns 51,392 shares of the company’s stock worth $963,000 after acquiring an additional 50,618 shares during the period. Renaissance Technologies LLC boosted its position in Contango ORE by 5.0% in the first quarter. Renaissance Technologies LLC now owns 135,278 shares of the company’s stock worth $2,536,000 after purchasing an additional 6,451 shares during the last quarter. Cetera Investment Advisers purchased a new position in Contango ORE in the first quarter worth $204,000. Finally, Bank of New York Mellon Corp grew its stake in Contango ORE by 26.0% in the 1st quarter. Bank of New York Mellon Corp now owns 44,579 shares of the company’s stock valued at $836,000 after purchasing an additional 9,210 shares during the period. Institutional investors own 19.14% of the company’s stock.

About Contango ORE

Contango ORE Royalty Trust (NYSE American: CTGO) is a grantor royalty trust that holds net overriding royalty interests in oil and gas properties. As a non‐operating entity, the trust itself does not engage in exploration, drilling or production activities but instead receives a percentage of revenues generated by producing wells. This structure offers investors exposure to commodity price movements and production volumes without the direct capital expenditure or operational risks associated with upstream oil and gas companies.

The trust’s assets consist primarily of royalty interests in offshore leases located on the continental shelf of the Gulf of Mexico.