Pring Turner Capital Group Inc. raised its holdings in shares of Contact Gold Corp (NYSE:C) by 3.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,562 shares of the company’s stock after purchasing an additional 1,490 shares during the quarter. Contact Gold Corp makes up 3.0% of Pring Turner Capital Group Inc.’s holdings, making the stock its 11th biggest position. Pring Turner Capital Group Inc.’s holdings in Contact Gold Corp were worth $2,913,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in C. BlackRock Inc. increased its position in 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 buying an additional 189,447,104 shares during the period. Vanguard Group Inc. increased its position in 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 increased its position in 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 increased its position in 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 increased its position in 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.

Shares of Contact Gold Corp (NYSE C) opened at C$72.25 on Friday. Contact Gold Corp has a 12 month low of C$51.60 and a 12 month high of C$76.14.

Contact Gold Corp (NYSE:C) last announced its quarterly earnings results on Thursday, October 12th. The company reported C$1.42 EPS for the quarter, beating the Zacks’ 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 firm had revenue of C$18.17 billion for the quarter, compared to analyst estimates of C$17.87 billion. During the same period last year, the firm posted $1.24 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis.

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

Several research analysts have weighed in on C shares. ValuEngine upgraded Contact Gold Corp from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Credit Suisse Group reiterated a “buy” rating and set a $73.00 price objective on shares of Contact Gold Corp in a research report on Wednesday, September 13th. Morgan Stanley increased their price objective on Contact Gold Corp from $73.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Jefferies Group LLC set a $81.00 price objective on Contact Gold Corp and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Finally, BMO Capital Markets increased their price objective on Contact Gold Corp from $65.00 to $67.00 and gave the stock a “market perform” rating in a research report on Friday, October 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 assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of C$74.77.

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Contact Gold Corp Company 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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