Contango ORE (NYSEAMERICAN:CTGO) Downgraded by Zacks Research to Strong Sell

Contango ORE (NYSEAMERICAN:CTGO - Get Free Report) was downgraded by investment analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued on Monday,Zacks.com reports.Do Bank Failures Mean It's Time To Invest In Precious Metals? Separately, Roth Capital reissued a "buy" rating and issued a $35.00 price objective on shares of Contango ORE in a research report on Tuesday, September 30th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $32.34.Check Out Our Latest Stock Analysis on Contango OREContango ORE Stock PerformanceShares of NYSEAMERICAN CTGO opened at $27.31 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.64. Contango ORE has a 12 month low of $8.85 and a 12 month high of $30.22. The stock has a 50 day moving average of $24.82 and a 200-day moving average of $22.89. The company has a market capitalization of $408.56 million, a P/E ratio of 273.10 and a beta of -0.35. Institutional Trading of Contango ORESeveral large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in shares of Contango ORE by 77.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 32,984 shares of the company's stock worth $822,000 after acquiring an additional 14,399 shares in the last quarter. PharVision Advisers LLC bought a new position in Contango ORE in the 3rd quarter valued at approximately $208,000. XTX Topco Ltd raised its stake in shares of Contango ORE by 25.1% during the third quarter. XTX Topco Ltd now owns 38,082 shares of the company's stock valued at $949,000 after acquiring an additional 7,640 shares during the last quarter. Alyeska Investment Group L.P. acquired a new position in Contango ORE during the 3rd quarter worth about $36,772,000. Finally, Virtus Advisers LLC acquired a new position in shares of Contango ORE in the third quarter worth approximately $140,000. 19.14% of the stock is owned by institutional investors and hedge funds. 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.Featured ArticlesFive stocks we like better than Contango OREElon Taking SpaceX Public! $100 Pre-IPO Opportunity!Do not delete, read immediatelyThis stock gets a 94 out of 100Punch these codes into your ordinary brokerage accountYou Still Think Silver’s a Joke? Watch What Happens Next.This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Contango ORE Right Now?Before you consider Contango ORE, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Contango ORE wasn't on the list.While Contango ORE currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here