Key Points
- CEO Nieuwenhuyse sold 19,608 shares at an average price of $26.00 on Jan. 8, raising $509,808 and reducing his stake by 3.51% (he now owns 538,761 shares worth about $14.0M).
- CTGO stock is trading near the sale price (opened $25.99) with a market cap of $388.8M, a 12‑month range of $8.85–$30.22, and a P/E of 259.9.
- Analysts and institutions are mixed but active: the stock has an average "Hold" rating and $32.34 target, while institutional ownership is ~19.14% with recent position increases from firms like JPMorgan and Alyeska.
Contango ORE, Inc. (NYSEAMERICAN:CTGO - Get Free Report) CFO Michael Aaron Clark sold 10,097 shares of Contango ORE stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $26.00, for a total value of $262,522.00. Following the sale, the chief financial officer directly owned 49,873 shares in the company, valued at approximately $1,296,698. The trade was a 16.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Contango ORE Trading Down 0.0%
Shares of CTGO opened at $25.99 on Friday. Contango ORE, Inc. has a one year low of $8.85 and a one year high of $30.22. The stock has a 50-day moving average price of $25.12 and a 200 day moving average price of $22.98. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $388.81 million, a P/E ratio of 259.90 and a beta of -0.35.
Hedge Funds Weigh In On Contango ORE
Several large investors have recently bought and sold shares of the stock. Alyeska Investment Group L.P. bought a new stake in Contango ORE during the third quarter worth approximately $36,772,000. Franklin Resources Inc. raised its position in Contango ORE by 223.2% in the third quarter. Franklin Resources Inc. now owns 726,350 shares of the company's stock worth $18,108,000 after acquiring an additional 501,641 shares in the last quarter. Van ECK Associates Corp acquired a new stake in Contango ORE in the 3rd quarter valued at about $8,531,000. Squarepoint Ops LLC boosted its position in shares of Contango ORE by 428.4% during the 3rd quarter. Squarepoint Ops LLC now owns 91,920 shares of the company's stock valued at $2,292,000 after purchasing an additional 74,523 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Contango ORE in the 2nd quarter worth approximately $630,000. Institutional investors and hedge funds own 19.14% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Zacks Research downgraded Contango ORE from a "hold" rating to a "strong sell" rating in a report on Monday, January 5th. Roth Capital reiterated a "buy" rating and issued a $35.00 target price on shares of Contango ORE in a research note on Tuesday, September 30th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Contango ORE has an average rating of "Hold" and a consensus target price of $32.34.
View Our Latest Stock Report on Contango ORE
Contango ORE Company Profile
(
Get Free Report)
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.
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