CI Investments Inc. lessened its stake in shares of Contact Gold Corp (NYSE:C) by 11.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,255,148 shares of the company’s stock after selling 1,051,791 shares during the quarter. Contact Gold Corp comprises 6.0% of CI Investments Inc.’s portfolio, making the stock its largest holding. CI Investments Inc. owned approximately 0.30% of Contact Gold Corp worth $552,104,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of C. Catamount Wealth Management bought a new stake in Contact Gold Corp in the 2nd quarter worth approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in Contact Gold Corp by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the company’s stock valued at $102,000 after purchasing an additional 1,030 shares during the last quarter. Patten Group Inc. lifted its position in Contact Gold Corp by 6.6% in the first quarter. Patten Group Inc. now owns 1,765 shares of the company’s stock valued at $105,000 after purchasing an additional 110 shares during the last quarter. Dubuque Bank & Trust Co. lifted its position in Contact Gold Corp by 60.8% in the second quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the company’s stock valued at $106,000 after purchasing an additional 599 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. bought a new position in shares of Contact Gold Corp during the second quarter valued at approximately $123,000.
Contact Gold Corp (NYSE C) traded down C$0.18 during trading hours on Friday, reaching C$72.25. The company’s stock had a trading volume of 12,850,000 shares, compared to its average volume of 15,750,000. Contact Gold Corp has a one year low of C$51.60 and a one year high of C$76.14.
Contact Gold Corp (NYSE:C) last announced its quarterly earnings data on Thursday, October 12th. The company reported C$1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.32 by C$0.10. Contact Gold Corp had a return on equity of 7.30% and a net margin of 22.76%. The business had revenue of C$18.17 billion for the quarter, compared to analysts’ expectations of C$17.87 billion. During the same period last year, the firm earned $1.24 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Friday, November 3rd.
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C has been the topic of several recent research reports. J P Morgan Chase & Co set a $73.50 price target on Contact Gold Corp and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Vetr cut Contact Gold Corp from a “strong-buy” rating to a “buy” rating and set a $76.22 target price on the stock. in a research note on Monday, July 31st. Keefe, Bruyette & Woods set a $75.00 price target on Contact Gold Corp and gave the company a “buy” rating in a report on Sunday, August 13th. Nomura increased their target price on Contact Gold Corp from $74.00 to $78.00 and gave the company a “buy” rating in a report on Monday, July 17th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $73.00 price objective on shares of Contact Gold Corp in a research note on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target 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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