Q1 Earnings Forecast for Contango Ore Issued By Roth Capital

Contango Ore, Inc. (NYSEAMERICAN:CTGO - Free Report) - Roth Capital increased their Q1 2025 earnings per share estimates for shares of Contango Ore in a note issued to investors on Tuesday, April 1st. Roth Capital analyst M. Niehuser now anticipates that the company will earn ($0.32) per share for the quarter, up from their prior estimate of ($0.52). The consensus estimate for Contango Ore's current full-year earnings is ($5.36) per share. Roth Capital also issued estimates for Contango Ore's Q2 2025 earnings at ($0.43) EPS, Q3 2025 earnings at ($0.42) EPS, Q4 2025 earnings at ($0.30) EPS and FY2025 earnings at ($1.47) EPS.

Separately, Fundamental Research set a $29.67 price target on shares of Contango Ore and gave the company a "buy" rating in a report on Wednesday, February 19th.

Contango Ore Stock Performance

Shares of NYSEAMERICAN:CTGO traded down $0.11 during midday trading on Thursday, reaching $9.60. The company's stock had a trading volume of 60,176 shares, compared to its average volume of 103,130. The firm has a market cap of $117.35 million, a price-to-earnings ratio of -1.23 and a beta of 0.55. The company's 50 day moving average is $10.14. Contango Ore has a 1 year low of $8.85 and a 1 year high of $25.32.

Insiders Place Their Bets

In other Contango Ore news, CEO Nieuwenhuyse Rick Van bought 5,000 shares of Contango Ore stock in a transaction dated Tuesday, April 1st. The stock was bought at an average cost of $10.22 per share, for a total transaction of $51,100.00. Following the purchase, the chief executive officer now owns 550,869 shares in the company, valued at $5,629,881.18. This represents a 0.92 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 17.80% of the stock is currently owned by company insiders.

Institutional Trading of Contango Ore

Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Contango Ore by 4,016.7% during the first quarter. GAMMA Investing LLC now owns 1,235 shares of the company's stock worth $121,000 after purchasing an additional 1,205 shares during the period. Deutsche Bank AG raised its stake in Contango Ore by 93.6% during the fourth quarter. Deutsche Bank AG now owns 8,023 shares of the company's stock worth $80,000 after acquiring an additional 3,879 shares during the period. Bridgeway Capital Management LLC bought a new position in Contango Ore in the fourth quarter worth about $200,000. Bank of America Corp DE boosted its stake in Contango Ore by 40.1% in the fourth quarter. Bank of America Corp DE now owns 10,262 shares of the company's stock valued at $103,000 after acquiring an additional 2,936 shares during the period. Finally, Raffles Associates LP grew its holdings in shares of Contango Ore by 281.5% during the fourth quarter. Raffles Associates LP now owns 46,554 shares of the company's stock valued at $466,000 after purchasing an additional 34,351 shares during the last quarter. 19.14% of the stock is owned by institutional investors.

Contango Ore Company Profile

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.