Should I buy or sell Contango Ore stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Contango Ore in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" CTGO shares. View CTGO analyst ratings or view top-rated stocks .

What is Contango Ore's stock price target for 2024?

1 Wall Street analysts have issued 12 month price objectives for Contango Ore's stock. Their CTGO share price targets range from $36.00 to $36.00. On average, they expect the company's share price to reach $36.00 in the next year. This suggests a possible upside of 71.2% from the stock's current price. View analysts price targets for CTGO or view top-rated stocks among Wall Street analysts .

How have CTGO shares performed in 2023?

Contango Ore's stock was trading at $22.0305 on January 1st, 2023. Since then, CTGO shares have decreased by 4.5% and is now trading at $21.03. View the best growth stocks for 2023 here .

Are investors shorting Contango Ore?

Contango Ore saw a decline in short interest in October. As of October 31st, there was short interest totaling 196,000 shares, a decline of 12.5% from the October 15th total of 224,000 shares. Based on an average daily trading volume, of 39,000 shares, the short-interest ratio is presently 5.0 days. Currently, 3.9% of the company's shares are short sold. View Contango Ore's Short Interest .

When is Contango Ore's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 5th 2024. View our CTGO earnings forecast .

How were Contango Ore's earnings last quarter?

Contango Ore, Inc. (NYSEAMERICAN:CTGO) released its quarterly earnings results on Tuesday, November, 14th. The company reported ($0.54) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.00) by $0.46.

Who are Contango Ore's major shareholders?

Contango Ore's stock is owned by a number of retail and institutional investors. Top institutional investors include Sprott Inc. (5.09%), Gabelli Funds LLC (1.13%), Northern Trust Corp (0.36%), Luminus Management LLC (0.30%), Wittenberg Investment Management Inc. (0.26%) and Walleye Capital LLC (0.12%). View institutional ownership trends .

How do I buy shares of Contango Ore?

Shares of CTGO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Contango Ore Stock Price, News & Analysis (NYSEAMERICAN:CTGO)

$21.03

-0.82 (-3.75%)

(As of 12/1/2023 08:54 PM ET)

Compare

Today's Range: $20.75
▼
$22.31
50-Day Range: N/A
52-Week Range: $16.53
▼
$33.67

Volume: 39,500 shs
Average Volume: 28,246 shs
Market Capitalization: $197.68 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $36.00

Stock Analysis Analyst Forecasts Chart Earnings Financials Headlines Ownership SEC Filings Short Interest

Contango Ore MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 71.2% Upside
$36.00 Price Target
Short Interest: Healthy
3.60% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -1.00
Based on 2 Articles This Week
Insider Trading: Selling Shares
$687,300 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.92 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Contango Ore has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $36.00, Contango Ore has a forecasted upside of 71.2% from its current price of $21.03.
Amount of Analyst Coverage
Contango Ore has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
3.60% of the float of Contango Ore has been sold short.
Short Interest Ratio / Days to Cover
Contango Ore has a short interest ratio ("days to cover") of 4.8.
Change versus previous month
Short interest in Contango Ore has recently decreased by 8.83%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Contango Ore does not currently pay a dividend.
Dividend Growth
Contango Ore does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CTGO.

1.1

News and Social Media Coverage

News Sentiment
Contango Ore has a news sentiment score of -1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.34 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Contango Ore this week, compared to 0 articles on an average week.
Search Interest
1 people have searched for CTGO on MarketBeat in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Contango Ore insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $687,300.00 in company stock.
Percentage Held by Insiders
17.80% of the stock of Contango Ore is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 12.91% of the stock of Contango Ore is held by institutions.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Contango Ore is -3.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Contango Ore is -3.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Contango Ore has a P/B Ratio of 17.97. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Contango Ore Stock (NYSEAMERICAN:CTGO)

Contango Ore, Inc., an exploration stage company, engages in the exploration of gold and associated minerals in the United States. It also explores for copper and silver deposits. The company, through its subsidiaries, leases approximately 675,000 acres from the Tetlin Tribal Council and holds approximately 13,000 State of Alaska mining claims for exploration and development; leases mineral rights approximately 8,600 acres of State of Alaska and patented mining claims for exploration from Alaska Hard Rock, Inc.; and owns 100% interest in the mineral rights to approximately 154,000 acres of State of Alaska mining claims for exploration located north and northwest of the Manh Choh Project. The company also holds interest in the Shamrock property that consists of 361 Alaska state mining claims covering approximately 52,700 acres; owns 100% interest in the Eagle/Hona property, which covers approximately 69,780 acres; and Triple Z property covering approximately 14,800 acres. Contango Ore, Inc. was founded in 2009 and is headquartered in Houston, Texas.

CTGO Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CTGO Stock News Headlines

December 3, 2023 | americanbankingnews.com

Contango Ore, Inc. (NYSEAMERICAN:CTGO) Director Sells $687,300.00 in Stock

November 19, 2023 | markets.businessinsider.com

Contango ORE Poised for Profitability: An Analysis of Buy Rating and Future Revenue Projections

December 4, 2023 | DTI Trader (Ad)

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You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 15, 2023 | msn.com

Contango Ore GAAP EPS of -$1.47

November 14, 2023 | finance.yahoo.com

Contango ORE, Inc. Announces Results of the 2023 Virtual Annual Meeting of Stockholders and Results for the Quarter Ended September 30, 2023

November 4, 2023 | usatoday.com

Ex-Oregon prison nurse convicted of sexually assaulting female inmates gets 30 years in prison

September 14, 2023 | msn.com

Maxim Group Initiates Coverage of Contango Ore (CTGO) with Buy Recommendation

July 24, 2023 | marketwatch.com

Contango ORE Shares Tumble on Underwritten Public Offering

December 4, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

July 24, 2023 | finance.yahoo.com

Contango ORE Announces Pricing of $30.4 Million Underwritten Public Offering of Common Stock

June 13, 2023 | finance.yahoo.com

What Makes Contango ORE, Inc. (CTGO) a Good Fit for 'Trend Investing'

May 16, 2023 | finance.yahoo.com

Contango ORE Announces Earnings For the Quarter Ended March 31, 2023

March 20, 2023 | finance.yahoo.com

Contango ORE Enters Into Project Finance Mandate With ING and Macquarie to Fund the Construction of Its Share of the Manh Choh Gold Project Alongside JV Partner Kinross Gold

February 7, 2023 | ng.investing.com

Contango ORE earnings missed by $1.19, revenue was in line with estimates

January 20, 2023 | msn.com

Contango Ore announces $2.3M private placement

December 23, 2022 | finance.yahoo.com

Contango ORE, Inc. Announces Private Placement of Common Stock and Year-End Update

November 10, 2022 | finance.yahoo.com

Announces Results of the 2022 Virtual Annual Meeting of Stockholders and Results for the Quarter Ended September 30, 2022

July 28, 2022 | finance.yahoo.com

Contango ORE Announces Feasibility Study Results and Construction Decision on Manh Choh

May 11, 2022 | finance.yahoo.com

Contango ORE Announces Earnings For the Quarter Ended March 31, 2022

April 29, 2022 | finance.yahoo.com

Contango ORE Closes on $20,000,000 Unsecured 8% Convertible Debenture

April 9, 2022 | yahoo.com

Queen's Road Capital Announces Investment in Contango ORE

April 9, 2022 | finance.yahoo.com

Contango ORE Announces Agreement to Issue $20,000,000 Unsecured 8% Convertible Debenture

February 24, 2022 | finance.yahoo.com

Contango ORE Inc Invites You to Join Us at the Red Cloud 2022 Very Pre-PDAC Mining Showcase

February 20, 2022 | morningstar.com

Contango ORE Announces Revised Budget for Manh Choh Project | Morningstar

February 18, 2022 | finance.yahoo.com

Contango ORE Announces Revised Budget for Manh Choh Project

January 18, 2022 | finance.yahoo.com

Contango ORE Reviews 2021 Accomplishments and Announces Plans for 2022

January 7, 2022 | nasdaq.com

Contango ORE, Inc. Common Stock (CTGO)

See More Headlines

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Company Calendar

Last Earnings: 11/14/2023
Today: 12/04/2023
Next Earnings (Estimated): 2/05/2024
Fiscal Year End: 6/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSEAMERICAN
Industry: Gold & silver ores
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: NYSEAMERICAN:CTGO
CUSIP: N/A
CIK: 1502377
Web: www.contangoore.com
Phone: (713) 877-1311
Fax: 713-621-7329
Employees: 11
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $36.00
High Stock Price Target: $36.00
Low Stock Price Target: $36.00
Potential Upside/Downside: +71.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($6.04)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-39,740,000.00
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: -1,055.52%
Return on Assets: -123.52%

Debt

Debt-to-Equity Ratio: 2.98
Current Ratio: 4.02
Quick Ratio: 4.02

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.17 per share
Price / Book: 17.97

Miscellaneous

Outstanding Shares: 9,400,000
Free Float: 7,727,000
Market Cap: $197.68 million
Optionable: Not Optionable
Beta: 0.58

12 Stocks Corporate Insiders are Abandoning

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Key Executives

Mr. Rick Van Nieuwenhuyse M.Sc. (Age 67)
President, CEO & Director
Comp: $442k
Ms. Leah S. Gaines (Age 47)
Chief Accounting Officer, CFO, VP, Secretary & Treasurer
Comp: $309.15k
Mr. J. Michael Clark C.A. (Age 41)
CPA, Executive Vice President of Finance

Key Competitors

View All Competitors

Insiders & Institutions

View All Institutional Transactions

CTGO Stock Analysis - Frequently Asked Questions

Should I buy or sell Contango Ore stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Contango Ore in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" CTGO shares.
View CTGO analyst ratings or view top-rated stocks.
What is Contango Ore's stock price target for 2024?: 1 Wall Street analysts have issued 12 month price objectives for Contango Ore's stock. Their CTGO share price targets range from $36.00 to $36.00. On average, they expect the company's share price to reach $36.00 in the next year. This suggests a possible upside of 71.2% from the stock's current price.
View analysts price targets for CTGO or view top-rated stocks among Wall Street analysts.
How have CTGO shares performed in 2023?: Contango Ore's stock was trading at $22.0305 on January 1st, 2023. Since then, CTGO shares have decreased by 4.5% and is now trading at $21.03.
View the best growth stocks for 2023 here.
Are investors shorting Contango Ore?: Contango Ore saw a decline in short interest in October. As of October 31st, there was short interest totaling 196,000 shares, a decline of 12.5% from the October 15th total of 224,000 shares. Based on an average daily trading volume, of 39,000 shares, the short-interest ratio is presently 5.0 days. Currently, 3.9% of the company's shares are short sold.
View Contango Ore's Short Interest.

When is Contango Ore's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, February 5th 2024.
View our CTGO earnings forecast.
How were Contango Ore's earnings last quarter?: Contango Ore, Inc. (NYSEAMERICAN:CTGO) released its quarterly earnings results on Tuesday, November, 14th. The company reported ($0.54) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.00) by $0.46.
Who are Contango Ore's major shareholders?: Contango Ore's stock is owned by a number of retail and institutional investors. Top institutional investors include Sprott Inc. (5.09%), Gabelli Funds LLC (1.13%), Northern Trust Corp (0.36%), Luminus Management LLC (0.30%), Wittenberg Investment Management Inc. (0.26%) and Walleye Capital LLC (0.12%).
View institutional ownership trends.
How do I buy shares of Contango Ore?: Shares of CTGO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSEAMERICAN:CTGO) was last updated on 12/4/2023 by MarketBeat.com Staff

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