Contact Gold Corp (C) Holdings Increased by Aberdeen Asset Management PLC UK

Aberdeen Asset Management PLC UK increased its position in shares of Contact Gold Corp (NYSE:C) by 10.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,697,478 shares of the company’s stock after buying an additional 162,510 shares during the period. Aberdeen Asset Management PLC UK owned 0.06% of Contact Gold Corp worth $113,526,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in shares of Contact Gold Corp by 2,718.7% during the 1st quarter. BlackRock Inc. now owns 196,415,461 shares of the company’s stock worth $11,749,573,000 after acquiring an additional 189,447,104 shares during the period. Vanguard Group Inc. grew its position in shares of Contact Gold Corp by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 183,198,941 shares of the company’s stock worth $10,958,960,000 after buying an additional 4,391,347 shares during the period. FMR LLC grew its position in shares of Contact Gold Corp by 18.2% during the 1st quarter. FMR LLC now owns 105,742,815 shares of the company’s stock worth $6,325,535,000 after buying an additional 16,257,931 shares during the period. Bank of New York Mellon Corp grew its position in shares of Contact Gold Corp by 6.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the company’s stock worth $3,083,874,000 after buying an additional 2,943,282 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Contact Gold Corp by 1.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 27,470,583 shares of the company’s stock worth $1,643,290,000 after buying an additional 496,413 shares during the period.

C has been the subject of several analyst reports. Credit Suisse Group reiterated an “outperform” rating and set a $72.00 price target (up previously from $64.00) on shares of Contact Gold Corp in a research report on Monday, July 17th. Nomura lifted their price target on shares of Contact Gold Corp from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, July 17th. BMO Capital Markets cut shares of Contact Gold Corp from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $67.43 to $65.00 in a research report on Monday, July 31st. They noted that the move was a valuation call. Vetr lowered shares of Contact Gold Corp from a “strong-buy” rating to a “buy” rating and set a $76.22 price objective on the stock. in a research note on Monday, July 31st. Finally, J P Morgan Chase & Co set a $73.50 price objective on shares of Contact Gold Corp and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$74.77.

Shares of Contact Gold Corp (NYSE C) opened at C$72.25 on Friday. Contact Gold Corp has a 52-week low of C$51.60 and a 52-week high of C$76.14.

Contact Gold Corp (NYSE:C) last posted its quarterly earnings data on Thursday, October 12th. The company reported C$1.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.32 by C$0.10. Contact Gold Corp had a net margin of 22.76% and a return on equity of 7.30%. The business had revenue of C$18.17 billion during the quarter, compared to analysts’ expectations of C$17.87 billion. During the same quarter in the prior year, the business posted $1.24 earnings per share. Contact Gold Corp’s revenue was up 2.3% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 6th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, November 3rd. This represents a $1.28 annualized dividend and a yield of 1.77%.

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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.

Institutional Ownership by Quarter for Contact Gold Corp (NYSE:C)

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