Contango ORECTGO
Market Cap: $230M
About: Contango Ore Inc operates in the United States. The company is engaged in the exploration of gold, silver, and copper ores in the State of Alaska. The company's primary focus is the exploration of a mineral lease with the Native Village of Tetlin whose governmental entity is the Tetlin Tribal Council for the exploration of minerals near Tok, Alaska. It has formed a joint venture to advance exploration of the Tetlin Property, which is prospective for gold and associated minerals. The Tetlin Property is located in the Tetlin Hills and Mentasta Mountains of eastern interior Alaska.
Employees: 11
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
350% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 2
150% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 8
19% more funds holding
Funds holding: 37 [Q1] → 44 (+7) [Q2]
6% more capital invested
Capital invested by funds: $35.4M [Q1] → $37.5M (+$2.1M) [Q2]
1.46% more ownership
Funds ownership: 18.55% [Q1] → 20.01% (+1.46%) [Q2]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Roth MKM Mike Niehuser 36% 1-year accuracy 5 / 14 met price target | 74%upside $33 | Buy Maintained | 9 Aug 2024 |