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.
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