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Contango ORE ( (CTGO) ) has provided an announcement.
On September 25, 2025, Contango ORE, Inc. announced an underwritten public offering of common stock and pre-funded warrants, expected to raise approximately $50 million. The proceeds will be used to advance the Lucky Shot and Johnson Tract projects, including drilling and development work, and for general corporate purposes. The offering was priced at $20.00 per share and closed on September 26, 2025. This move is aimed at strengthening Contango’s operational capabilities and advancing its mining projects, potentially enhancing its market position in the exploration industry.
The most recent analyst rating on (CTGO) stock is a Buy with a $35.00 price target. To see the full list of analyst forecasts on Contango ORE stock, see the CTGO Stock Forecast page.
Spark’s Take on CTGO Stock
According to Spark, TipRanks’ AI Analyst, CTGO is a Neutral.
Contango ORE’s overall stock score reflects a company in transition. While technical indicators suggest positive momentum, financial performance remains weak due to high leverage and lack of profitability. Earnings call highlights show potential for improvement, but valuation concerns persist, balancing the outlook.
To see Spark’s full report on CTGO stock, click here.
More about Contango ORE
Contango ORE, Inc. is a NYSE American listed company engaged in the exploration of gold and associated minerals in Alaska. The company holds a 30% interest in Peak Gold, LLC, which leases land for exploration and development on the Manh Choh project. Contango also has leases on the Johnson Tract and Lucky Shot projects, as well as ownership of mining claims in Alaska.
Average Trading Volume: 104,440
Technical Sentiment Signal: Buy
Current Market Cap: $313.6M
For a thorough assessment of CTGO stock, go to TipRanks’ Stock Analysis page.