Contact Gold Corp (C) Stake Boosted by Pring Turner Capital Group Inc.

Pring Turner Capital Group Inc. grew its position in Contact Gold Corp (NYSE:C) by 3.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,562 shares of the company’s stock after purchasing an additional 1,490 shares during the quarter. Contact Gold Corp makes up approximately 3.0% of Pring Turner Capital Group Inc.’s portfolio, making the stock its 11th largest holding. Pring Turner Capital Group Inc.’s holdings in Contact Gold Corp were worth $2,913,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. bought a new position in Contact Gold Corp during the second quarter worth $1,034,000. Catamount Wealth Management bought a new position in Contact Gold Corp during the second quarter worth $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in Contact Gold Corp by 206.0% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the company’s stock worth $102,000 after acquiring an additional 1,030 shares during the period. Dubuque Bank & Trust Co. increased its position in Contact Gold Corp by 60.8% during the second quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the company’s stock worth $106,000 after acquiring an additional 599 shares during the period. Finally, Acrospire Investment Management LLC increased its position in Contact Gold Corp by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the company’s stock worth $114,000 after acquiring an additional 300 shares during the period.

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 issued its quarterly earnings results on Thursday, October 12th. The company reported C$1.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.32 by C$0.10. The business had revenue of C$18.17 billion for the quarter, compared to the consensus estimate of C$17.87 billion. Contact Gold Corp had a net margin of 22.76% and a return on equity of 7.30%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.24 EPS.

The business also recently declared 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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A number of equities analysts recently issued reports on C shares. Bank of America Corporation reaffirmed a “neutral” rating on shares of Contact Gold Corp in a research report on Wednesday, October 11th. Credit Suisse Group reaffirmed an “outperform” rating and set a $76.00 target price (up previously from $70.00) on shares of Contact Gold Corp in a research report on Wednesday, July 26th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Contact Gold Corp in a research report on Monday, October 2nd. Atlantic Securities reaffirmed an “overweight” rating and set a $85.00 target price (up previously from $75.00) on shares of Contact Gold Corp in a research report on Tuesday, September 26th. Finally, Vetr lowered shares of 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 report on Monday, July 31st. One analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Contact Gold Corp currently has a consensus rating of “Buy” and an average target price of C$74.77.

About Contact Gold Corp

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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