Birch Hill Investment Advisors LLC Sells 40,000 Shares of Contact Gold Corp (C)

Birch Hill Investment Advisors LLC lessened its holdings in Contact Gold Corp (NYSE:C) by 61.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,000 shares of the company’s stock after selling 40,000 shares during the period. Birch Hill Investment Advisors LLC’s holdings in Contact Gold Corp were worth $1,672,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in C. Catamount Wealth Management acquired a new position in shares of Contact Gold Corp in the second quarter valued at approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Contact Gold Corp by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the company’s stock valued at $102,000 after buying an additional 1,030 shares during the last quarter. Patten Group Inc. raised its position in shares of Contact Gold Corp by 6.6% in the first quarter. Patten Group Inc. now owns 1,765 shares of the company’s stock valued at $105,000 after buying an additional 110 shares during the last quarter. Dubuque Bank & Trust Co. raised its position in shares of Contact Gold Corp by 60.8% in the second quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the company’s stock valued at $106,000 after buying an additional 599 shares during the last quarter. Finally, Acrospire Investment Management LLC raised its position in shares of Contact Gold Corp by 21.4% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the company’s stock valued at $114,000 after buying an additional 300 shares during the last quarter.

C has been the subject of a number of analyst reports. ValuEngine raised shares of Contact Gold Corp from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Credit Suisse Group reissued a “buy” rating and issued a $73.00 price objective on shares of Contact Gold Corp in a research report on Wednesday, September 13th. Morgan Stanley boosted their price objective on shares of Contact Gold Corp from $73.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Jefferies Group LLC set a $81.00 price objective on shares of Contact Gold Corp and gave the company a “neutral” rating in a research report on Thursday, October 12th. Finally, BMO Capital Markets boosted their price objective on shares of Contact Gold Corp from $65.00 to $67.00 and gave the company a “market perform” rating in a research report on Friday, October 13th. One 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’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$74.77.

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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 announced its earnings results on Thursday, October 12th. The company reported C$1.42 earnings per share for the quarter, beating the consensus estimate of C$1.32 by C$0.10. The business had revenue of C$18.17 billion during 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 business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 earnings per share.

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

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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