Contango ORE (CTGO)

• Market cap: $126M
• 1 day: 0.59%
• 5 days: -9.89%
• 1 month: -45.27%
• 3 months: -48.35%
• 6 months: -42.33%
• Year to date: -42.43%
• 1 year: -39.94%
• 5 years: -61.35%
• 10 years: -61.35%
• Sector: Materials
• Industry: Gold & Silver Mining

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 Q3 regulatory filings by fund managers ($100M+ AUM)

800% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 3

233% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 3

27% more capital invested

Capital invested by funds: $46.3M [Q2] → $58.8M (+$12.5M) [Q3]

15% more funds holding

Funds holding: 46 [Q2] → 53 (+7) [Q3]

0.22% more ownership

Funds ownership: 24.73% [Q2] → 24.95% (+0.22%) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $37 259% upside
• Avg. target: $37 259% upside
• High target: $37 259% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Roth MKM Mike Niehuser 40% 1-year accuracy 8 / 20 met price target

259% upside $37

Buy Maintained

11 Oct 2024