CTGO

Contango ORE Inc

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Advanced Chart

19.900

+0.35(1.790%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

20.470

Open

19.560

VWAP

19.96

Vol

129.80K

Mkt Cap

249.81M

Low

19.515

Amount

2.59M

EV/EBITDA(TTM)

Total Shares

10.36M

270.89M

EV/OCF(TTM)

8.04

P/S(TTM)

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.

2 Analyst Rating

45.73% Upside

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 29.00 USD with a low forecast of 26.00 USD and a high forecast of 32.00 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 Buy

0 Hold

0 Sell

Moderate Buy

45.73% Upside

Current: 19.900

Low

26.00

Averages

29.00

High

32.00

45.73% Upside

Current: 19.900

Low

26.00

Averages

29.00

High

32.00

Roth Capital

NULL -> Buy

upgrade

$22 -> $26

2025-05-30

Reason

Roth Capital

Price Target

$22 -> $26

2025-05-30

upgrade

NULL -> Buy

Reason

Roth Capital raised the firm's price target on Contango Ore to $26 from $22 and keeps a Buy rating on the shares. The company's Q1 results show improving gold production from the Manh Choh project, and it is using cash flow to reduce debt and hedge contracts, the analyst tells investors in a research note. This is Contango's primary focus in 2025, with the potential to fund exploration drilling at its Lucky Shot project and maintain its schedule for permitting and developing Johnson Tract, the firm added.

Roth Capital

Buy

maintain

$22 -> $26

2025-05-29

Reason

Roth Capital

Price Target

$22 -> $26

2025-05-29

maintain

Buy

Reason

Roth Capital raised the firm's price target on Contango Ore to $26 from $22 and keeps a Buy rating on the shares. The firm notes that the company's financial results in Q1 show improving gold production from the Manh Choh project. It is using cash flow to reduce debt and hedge contracts. This is Contango's primary focus in 2025, with the potential to fund exploration drilling at its Lucky Shot project and maintain its schedule for permitting and developing Johnson Tract. With a potential pit expansion at Manh Choh, due to exploration and a lower cutoff rate, Contango perceives a longer mine life with additional cash flow, Roth adds.

Roth MKM

Mike Niehuser

Strong Buy

Maintains

$33 → $37

2024-10-11

Reason

Roth MKM

Mike Niehuser

Price Target

$33 → $37

2024-10-11

Maintains

Strong Buy

Reason

Roth MKM raised the firm's price target on Contango Ore to $37 from $33 and keeps a Buy rating on the shares. The company is executing on its Direct Shipping Ore business plan, securing permittable projects with grades sufficient to cover transportation costs to feed mills with excess capacity, and also receiving cash dividends from gold production at the Manh Choh gold project in Alaska, the analyst tells investors in a research note. Contango offers a "clear path" to becoming a mid-tier producer, the firm added.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Contango ORE Inc (CTGO.A) is 39.80, compared to its 5-year average forward P/E of 2.68. For a more detailed relative valuation and DCF analysis to assess Contango ORE Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

2.68

Current PE

39.80

Overvalued PE

16.67

Undervalued PE

-11.31

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

0.76

Current EV/EBITDA

12.35

Overvalued EV/EBITDA

8.09

Undervalued EV/EBITDA

-6.57

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

N/A

5Y Average PS

1.80

Current PS

0.00

Overvalued PS

6.72

Undervalued PS

-3.12