While Majors Ride Momentum, Smaller Gold Stocks Are Building Something Bigger
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 16 2025
0mins
Source: Newsfilter
Gold Market Trends: Gold prices have rebounded quickly after a brief correction, with analysts predicting potential future highs of $4,000 to $6,000 per ounce due to increased demand and investment shifts. Major gold mining companies, including Lake Victoria Gold, are advancing their projects amid this bullish market.
Lake Victoria Gold Developments: Lake Victoria Gold is progressing with its gold production plans in Tanzania by evaluating local processing plants and exploring small-scale development opportunities, while also securing funding and partnerships to support its initiatives at the Tembo Project and Imwelo Project.
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Analyst Views on CTGO
Wall Street analysts forecast CTGO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CTGO is 35.00 USD with a low forecast of 35.00 USD and a high forecast of 35.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 33.000
Low
35.00
Averages
35.00
High
35.00
Current: 33.000
Low
35.00
Averages
35.00
High
35.00
About CTGO
Contango ORE, Inc. is engaged in the exploration of gold and associated minerals in Alaska. The Company holds a 30% interest in the Peak Gold JV, which leases approximately 675,000 acres of land for exploration and development on the Manh Choh project, with the remaining 70% owned by KG Mining (Alaska), Inc., an indirect subsidiary of Kinross Gold Corporation, operator of the Peak Gold JV. It also has a lease on the Johnson Tract project from the underlying owner, CIRI Native Corporation, a lease on Lucky Shot project from the underlying owner, Alaska Hardrock Inc. and through its subsidiary has 100% ownership of approximately 8,600 acres of peripheral State of Alaska mining claims. It also owns a 100% interest in an additional approximately 145,000 acres of State of Alaska mining claims through its wholly owned subsidiary, which gives the Company an exclusive right to explore and develop minerals on these lands. The Company also owns Golden Zone and Amanita NE gold properties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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