Contango ORECTGO
Market Cap: 278M
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 Q1 SEC filings by fund managers ($100M+ AUM)
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
23% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 13
18% more capital invested
Capital invested by funds: $29.7M [Q4 2023] → $35M (+$5.37M) [Q1 2024]
3% more funds holding
Funds holding: 36 [Q4 2023] → 37 (+1) [Q1 2024]
0.96% more ownership
Funds ownership: 17.42% [Q4 2023] → 18.38% (+0.96%) [Q1 2024]
Research analyst outlook
3 Wall Street Analysts provided 1 year price forecasts over the past 6 months
3 analyst ratings
Roth MKM Mike Niehuser | 65%upside $38 | Buy Maintained | 16 May 2024 |
Roth MKM Mike Niehuser | 65%upside $38 | Buy Maintained | 25 Mar 2024 |
Cormark Securities | 19%upside $27.5 | Buy Initiated | 22 Mar 2024 |
Financial journalist opinion
Based on 4 articles about CTGO published over the past 30 days