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Contango Ore, Inc. (CTGO) Stock Forecast & Price Prediction

Live CTGO Stock Price & Analysis

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$10.57

-0.24 (-2.22%)

12 Month Price Forecast For CTGO

$10.57
Current Price
$129.26M
Market Cap
5 Ratings
Buy 5
Hold 0
Sell 0
Wall St Analyst Ratings

Distance to CTGO Price Forecasts

+183.8%
To High Target of $30.00
+136.5%
To Median Target of $25.00
+63.7%
To Low Target of $17.30

CTGO Price Momentum

-0.2%
1 Week Change
+0.7%
1 Month Change
-38.2%
1 Year Change
+5.5%
Year-to-Date Change
-58.3%
From 52W High of $25.32
+9.5%
From 52W Low of $9.65

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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.

Data last updated: February 6, 2025 1:31 PM UTC

CTGO Analyst Ratings & Price Targets

Based on our analysis of 4 Wall Street analysts, CTGO has a consensus that is bullish. The median price target is $25.00, with forecasts ranging from $17.30 to $30.00. Currently, there are 5 Buy ratings, 0 Hold ratings, and 0 Sell ratings.

With CTGO currently trading at $10.57, the median price forecast suggests a 136.5% upside. The most optimistic forecast comes from at , projecting a 183.8% upside, while at provides the most conservative target, suggesting a 63.7% upside.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

CTGO Analyst Consensus

5
Buy
0
Hold
0
Sell

CTGO Price Target Range

Low
$17.30
Average
$25.00
High
$30.00
Current: $10.57

Latest CTGO Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for CTGO.

Date Firm Analyst Rating Change Price Target
Oct 11, 2024 Roth MKM Mike Niehuser Buy Maintains $37.00
Aug 9, 2024 Roth MKM Mike Niehuser Buy Maintains $33.00
May 16, 2024 Roth MKM Mike Niehuser Buy Maintains $38.00
Mar 25, 2024 Roth MKM Mike Niehuser Buy Maintains $38.00
Mar 22, 2024 Cormark Securities Buy Initiates $27.50
Sep 14, 2023 Maxim Group Tate Sullivan Buy Initiates $36.00
Jun 20, 2023 Roth MKM Mike Niehuser Buy Reiterates $38.00
Oct 31, 2022 Roth Capital Mike Niehuser Buy Initiates $38.00
Jan 7, 2022 Cantor Fitzgerald Mike Kozak Overweight Initiates $37.50

Stocks Similar to Contango Ore, Inc.

The following stocks are similar to Contango Ore based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

Contango Ore, Inc. (CTGO) Financial Data

Contango Ore, Inc. has a market capitalization of $129.26M with a P/E ratio of -1.9x. The company generates $0 in trailing twelve-month revenue with a 0.0% profit margin.

Revenue growth is N/A quarter-over-quarter, while maintaining an operating margin of 0.0% and return on equity of +832.6%.

Valuation Metrics

Market Cap $129.26M
Enterprise Value $267.52M
P/E Ratio -1.9x
PEG Ratio 6.0x
Price/Sales 0.0x

Growth & Margins

Revenue Growth (YoY) N/A
Gross Margin N/A
Operating Margin 0.0%
Net Margin 0.0%
EPS Growth N/A

Financial Health

Cash/Price Ratio +18.8%
Current Ratio 0.5x
Debt/Equity -7.3x
ROE +832.6%
ROA -154.9%

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Contango Ore, Inc. logo

Contango Ore, Inc. (CTGO) Company Overview

About Contango Ore, Inc.

What They Do

Explores and develops mineral properties in Alaska.

Business Model

The company focuses on the exploration stage of mineral properties, primarily targeting gold, silver, and copper ores. Its business model revolves around identifying and developing mineral resources, which can later be monetized through mining operations or partnerships.

Additional Information

Founded in 2009 and headquartered in Fairbanks, Alaska, Contango Ore, Inc. aims to capitalize on the rich mineral resources in the region, which may present opportunities for significant returns as exploration progresses.

Company Information

Sector

Basic Materials

Industry

Gold

Employees

6

CEO

Mr. Rick Van Nieuwenhuyse M.Sc.

Country

United States

IPO Year

2021

Contango Ore, Inc. (CTGO) Latest News & Analysis

CTGO stock latest news image
Quick Summary

Contango ORE, Inc. (NYSE American: CTGO) received a $9 million cash distribution from the Peak Gold JV on December 19, 2024, tied to its 30% profit share from Manh Choh ore processing.

Why It Matters

The $9.0 million cash distribution signals strong profits from the Peak Gold JV, enhancing Contango ORE's financial position and potentially boosting shareholder returns.

Source: PRNewsWire
Market Sentiment: Neutral
CTGO stock latest news image
Quick Summary

Goodbridge Capital Corp. (TSXV: GODB.P) has signed an amalgamation agreement to acquire 100% of IDEX Metals Corp. in a deal expected to be its Qualifying Transaction per TSX Venture Exchange policies.

Why It Matters

Goodbridge's acquisition of IDEX Metals could enhance its market position and investor interest, potentially increasing shareholder value and trading activity on the TSX Venture Exchange.

Source: Newsfile Corp
Market Sentiment: Neutral
CTGO stock latest news image
Quick Summary

Contango ORE, Inc. (NYSE American: CTGO) reaffirmed its 2025 gold production guidance and updated AISC for its 30% interest in the Peak Gold JV, along with details on its credit facility and hedge contracts.

Why It Matters

Contango ORE's guidance on gold production and costs impacts projections for revenue and profitability, influencing investor sentiment and stock valuation in the mining sector.

Source: PRNewsWire
Market Sentiment: Neutral
CTGO stock latest news image
Quick Summary

Contango ORE, Inc. reports positive drill results from its 2024 campaign at the Johnson Tract project, showing an Indicated Resource of 1.05 million ounces at 9.39 g/t AuEq.

Why It Matters

Strong drill results and significant resources at the Johnson Tract project enhance Contango ORE's growth potential, possibly boosting stock value and attracting investor interest.

Source: PRNewsWire
Market Sentiment: Neutral
CTGO stock latest news image
Quick Summary

Contango ORE, Inc. filed its Q3-2024 Form 10-Q with the SEC, covering the quarter and nine-month periods ended September 30, 2024, and comparisons to Q3-2023 and YTD-2023.

Why It Matters

The filing of Form 10-Q provides financial performance insights for Contango ORE, affecting investor perceptions of the company's health and future prospects.

Source: PRNewsWire
Market Sentiment: Neutral
CTGO stock latest news image
Quick Summary

Contango Ore Inc (NYSE American: CTGO) will present at the New Orleans Investment Conference on November 21, 2024, with CEO Rick Van Nieuwenhuyse participating in investor meetings.

Why It Matters

Contango Ore Inc's participation in the New Orleans Investment Conference signals proactive engagement with investors, potentially enhancing visibility and interest in the company's prospects.

Source: Newsfile Corp
Market Sentiment: Neutral

Frequently Asked Questions About CTGO Stock

What is Contango Ore, Inc.'s (CTGO) stock forecast for 2025?

Based on our analysis of 4 Wall Street analysts, Contango Ore, Inc. (CTGO) has a median price target of $25.00. The highest price target is $30.00 and the lowest is $17.30.

Is CTGO stock a good investment in 2025?

According to current analyst ratings, CTGO has 5 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $10.57. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for CTGO stock?

Wall Street analysts predict CTGO stock could reach $25.00 in the next 12 months. This represents a 136.5% increase from the current price of $10.57. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is Contango Ore, Inc.'s business model?

The company focuses on the exploration stage of mineral properties, primarily targeting gold, silver, and copper ores. Its business model revolves around identifying and developing mineral resources, which can later be monetized through mining operations or partnerships.

What is the highest forecasted price for CTGO Contango Ore, Inc.?

The highest price target for CTGO is $30.00 from at , which represents a 183.8% increase from the current price of $10.57.

What is the lowest forecasted price for CTGO Contango Ore, Inc.?

The lowest price target for CTGO is $17.30 from at , which represents a 63.7% increase from the current price of $10.57.

What is the overall CTGO consensus from analysts for Contango Ore, Inc.?

The overall analyst consensus for CTGO is bullish. Out of 4 Wall Street analysts, 5 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $25.00.

How accurate are CTGO stock price projections?

Stock price projections, including those for Contango Ore, Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.