Contango Ore (CTGO) Stock Price, News & Analysis

Company Overview

Contango Ore, Inc., an exploration stage company, engages in the exploration and development of mineral properties in Alaska, the United States. It primarily explores for gold, silver, and copper ores. The company was founded in 2009 and is headquartered in Fairbanks, Alaska.

Key Stats

• Today's Range: $18.70 to $19.29
• 50-Day Range: N/A
• 52-Week Range: $14.03 to $25.32
• Volume: 33,455 shs
• Average Volume: 58,790 shs
• Market Capitalization: $230.54 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $31.39
• Consensus Rating: Buy

Contango Ore Stock Analysis - MarketRank™

Contango Ore scored higher than 46% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Contango Ore has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Contango Ore has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Contango Ore are expected to grow in the coming year, from ($2.98) to $1.85 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Contango Ore is -2.43, 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 -2.43, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

6.20% 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 6.

Change versus previous month

Short interest in Contango Ore has recently decreased by 9.49%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Contango Ore does not currently pay a dividend.

Dividend Growth

Contango Ore does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

6.20% 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 6.

Change versus previous month

Short interest in Contango Ore has recently decreased by 9.49%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: -0.05

News Sentiment

Contango Ore has a news sentiment score of -0.05. 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 0.52 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Contango Ore this week, compared to 1 article on an average week.

Search Interest

Only 2 people have searched for CTGO on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

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 $187,487.00 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 19.14% of the stock of Contango Ore is held by institutions.

CTGO Stock Analysis - Frequently Asked Questions

How have CTGO shares performed this year?

Contango Ore's stock was trading at $23.92 on January 1st, 2024. Since then, CTGO stock has decreased by 20.6% and is now trading at $19.00.
View the best growth stocks for 2024 here.

How were Contango Ore's earnings last quarter?

Contango Ore, Inc. (NYSEAMERICAN:CTGO) released its quarterly earnings results on Tuesday, August, 13th. The company reported ($1.90) EPS for the quarter, missing analysts' consensus estimates of ($1.40) by $0.50.

Who are Contango Ore's major shareholders?

Top institutional investors of Contango Ore include Geode Capital Management LLC (1.80%), State Street Corp (1.28%), Charles Schwab Investment Management Inc. (0.22%) and Jane Street Group LLC (0.12%). Insiders that own company stock include Nieuwenhuyse Rick Van, Joseph S Compofelice, Richard Shortz and Michael Aaron Clark.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Contango Ore own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Contango Ore investors own include Tesla (TSLA), NVIDIA (NVDA), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Meta Platforms (META), Netflix (NFLX) and Alphabet (GOOG).

Company Calendar

• Last Earnings: 8/13/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSEAMERICAN
• Sector: Basic Materials
• Industry: Gold & silver ores
• Sub-Industry: Precious Metals
• Current Symbol: NYSEAMERICAN:CTGO
• CUSIP: N/A
• CIK: 1502377
• Web: www.contangoore.com
• Phone: (713) 877-1311
• Fax: 713-621-7329
• Employees: 10
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $31.39
• High Stock Price Target: $37.00
• Low Stock Price Target: $27.50
• Potential Upside/Downside: +66.8%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($7.82)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: -40.85%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.47
• Quick Ratio: 0.47

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($1.55) per share
• Price / Book: -12.14

Miscellaneous

• Outstanding Shares: 12,230,000
• Free Float: 10,051,000
• Market Cap: $230.17 million
• Optionable: Not Optionable
• Beta: 0.57