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Contango ORE ( (CTGO) ) just unveiled an update.
On May 14, 2025, Contango ORE, Inc. announced a significant improvement in its financial performance for the first quarter of 2025, reporting $19.3 million in income from operations compared to a loss in the same period the previous year. The company sold 17,382 ounces of gold at lower-than-expected costs and received substantial cash distributions from the Peak Gold joint venture. Additionally, the dismissal of a lawsuit related to ore transportation and the completion of a Technical Report Summary for the Johnson Tract Project highlight positive developments for Contango’s future operations.
The most recent analyst rating on (CTGO) stock is a Buy with a $33.00 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. operates in the mining industry, focusing on gold production. The company is involved in the Peak Gold joint venture, where it holds a 30% interest, and is actively engaged in mining operations at the Manh Choh project in Alaska.
Average Trading Volume: 125,933
Technical Sentiment Signal: Sell
Current Market Cap: $161.3M
For an in-depth examination of CTGO stock, go to TipRanks’ Stock Analysis page.