Q3 EPS Estimates for Contango ORE Reduced by Roth Capital

Contango ORE, Inc. (NYSEAMERICAN:CTGO) – Equities research analysts at Roth Capital decreased their Q3 2026 earnings per share (EPS) estimates for Contango ORE in a note issued to investors on Tuesday, November 18th. Roth Capital analyst M. Niehuser now forecasts that the company will post earnings per share of $0.58 for the quarter, down from their previous forecast of $0.63. Roth Capital has a “Buy” rating and a $35.00 price target on the stock. The consensus estimate for Contango ORE’s current full-year earnings is ($5.36) per share.

Separately, Zacks Research raised shares of Contango ORE from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $32.34.

Contango ORE Price Performance

CTGO stock opened at $22.55 on Wednesday. The firm has a market cap of $292.92 million, a price-to-earnings ratio of -83.52 and a beta of -0.08. Contango ORE has a 1-year low of $8.85 and a 1-year high of $26.88. The firm has a fifty day moving average price of $23.36 and a two-hundred day moving average price of $20.90.

Institutional Investors Weigh In On Contango ORE

A number of hedge funds have recently added to or reduced their stakes in CTGO. AlphaQuest LLC raised its holdings in shares of Contango ORE by 30.7% during the third quarter. AlphaQuest LLC now owns 5,564 shares of the company’s stock valued at $139,000 after buying an additional 1,308 shares during the last quarter. Russell Investments Group Ltd. increased its position in Contango ORE by 129.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,320 shares of the company’s stock valued at $58,000 after acquiring an additional 1,311 shares during the period. Tower Research Capital LLC TRC raised its stake in Contango ORE by 141.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,264 shares of the company’s stock valued at $44,000 after acquiring an additional 1,327 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in Contango ORE by 7.0% during the 3rd quarter. Bridgeway Capital Management LLC now owns 21,400 shares of the company’s stock valued at $534,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in Contango ORE by 22.6% during the 2nd quarter. Bank of America Corp DE now owns 8,038 shares of the company’s stock worth $157,000 after acquiring an additional 1,481 shares during the period. 19.14% of the stock is currently owned by institutional investors.

About Contango ORE

Contango Ore, Inc, an exploration stage company, engages in the exploration and development of mineral properties in Alaska, the United States. It primarily explores for gold, silver, and copper ores. The company was founded in 2009 and is headquartered in Fairbanks, Alaska.