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Contango ORE (CTGO)
NYSE MKT:CTGO
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CTGO Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$10.10 - $25.32
Previous Close$10.3
Volume220.67K
Average Volume (3M)100.67K
Market Cap
$125.22M
Enterprise Value$162.92M
Total Cash (Recent Filing)$36.17M
Total Debt (Recent Filing)$73.86M
Price to Earnings (P/E)―
Beta1.19
Next Earnings
Nov 14, 2024EPS Estimate
$1.08Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-6.23
Shares Outstanding12,228,479
10 Day Avg. Volume159,580
30 Day Avg. Volume100,668
Standard Deviation0.16
R-Squared0.03
Alpha0.00764
Financial Highlights & Ratios
Price to Book (P/B)-12.26
Price to Sales (P/S)N/A
Price to Cash Flow (P/CF)1.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit10.00T>
Enterprise Value/Ebitda-3.64
Forecast
1Y Price Target
$31.50Price Target Upside205.83% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Contango ORE News
PremiumCompany Announcements
Contango ORE Exceeds Gold Production Expectations in 2024
PremiumCompany Announcements
Contango ORE Reports Milestone Quarter with Gold Production
PremiumCompany Announcements
Contango ORE Updates Gold Production Guidance for 2025PremiumCompany Announcements
Contango ORE Advances with Promising Alaska Drill Results
PremiumCompany Announcements
Contango ORE Hits Milestone with Gold Production StartBulls Say, Bears Say
Bulls Say
Financial PerformanceCTGO reported free cash flow above forecast due to working capital changes and less capital expenditures.
Gold ProductionCTGO reiterated guidance for its share of gold production from the Manh Choh gold mine in Alaska.
Strategic DevelopmentThe Buy rating is maintained based on growing gold production and a consistent strategy to develop gold projects in Alaska.
Bears Say
Cost ForecastsThe company's guidance for 2025 reflects a worst-case scenario for future ore moisture and bridge weight restrictions, leading to higher cost forecasts.
Debt LevelsCTGO ended 2Q24 with $74.6M in debt, which is a significant amount compared to its cash holdings.
Financial PerformanceCTGO's EBITDA was lower than expected due to higher exploration expenses.
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Ownership Overview
13.31% Insiders
7.42% Mutual Funds
7.80% Other Institutional Investors
64.34% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
CTGO FAQ
What was Contango ORE’s price range in the past 12 months?
Contango ORE lowest stock price was $10.10 and its highest was $25.32 in the past 12 months.
What is Contango ORE’s market cap?
Currently, no data Available
When is Contango ORE’s upcoming earnings report date?
Contango ORE’s upcoming earnings report date is Nov 14, 2024 which is 38 days ago.
How were Contango ORE’s earnings last quarter?
Contango ORE released its earnings results on Aug 13, 2024. The company reported -$1.9 earnings per share for the quarter, missing the consensus estimate of -$1 by -$0.9.
Is Contango ORE overvalued?
According to Wall Street analysts Contango ORE’s price is currently Undervalued.
Does Contango ORE pay dividends?
Contango ORE does not currently pay dividends.
What is Contango ORE’s EPS estimate?
Contango ORE’s EPS estimate is $1.08.
How many shares outstanding does Contango ORE have?
Contango ORE has 12,228,479 shares outstanding.
What happened to Contango ORE’s price movement after its last earnings report?
Contango ORE reported an EPS of -$1.9 in its last earnings report, missing expectations of -$1. Following the earnings report the stock price went down -0.832%.
Which hedge fund is a major shareholder of Contango ORE?
Among the largest hedge funds holding Contango ORE’s share is Raffles Associates Lp. It holds Contango ORE’s shares valued at 235K.
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Contango ORE Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$31.50 (205.83% Upside)
$31.50 (205.83% Upside)
Blogger Sentiment
Bullish
CTGO Sentiment 100%
Sector Average 69%
Sector Average 69%
Insider Transactions
Bought Shares
Worth $528.1K over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Negative
20 days / 200 days
Momentum
-39.94%
12-Months-Change
Fundamentals
Return on Equity
-9999.00%
Trailing 12-Months
Asset Growth
188.63%
Trailing 12-Months
Company Description
Contango ORE
Contango ORE, Inc. engages in the exploration of gold, associated minerals, and rare earth elements. It includes geological surveying, geochemical sampling, geophysical surveying, geochemical evaluation for rare earth elements, and electromagnetic exploration in order to determine the existence and location of rare earth elements. The company was founded by John Brad Juneau and Kenneth R. Peak on September 1, 2010 and is headquartered in Houston, TX.
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CTGO Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While there were strong operational achievements and improvements in cash flow, the company faced financial losses due to hedging and tax expenses. The sentiment is cautious with a focus on debt reduction and potential impacts from gold price volatility.Read More>---
CTGO Stock 12 Month Forecast
Average Price Target
$31.50
▲(205.83% Upside)
Technical Analysis
Best Analysts Covering CTGO
1 Year
1 Year Success Rate
3/7 ratings generated profit
1 Year Average Return
-16.23%
reiterated a buy rating 2 months ago
Copying Mike Niehuser's trades and holding each position for 1 Year would result in 42.86% of your transactions generating a profit, with an average return of -16.23% per trade.
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