Contango ORE (NYSEAMERICAN:CTGO) Trading 7.1% Higher – Time to Buy?

02 Jul 2026, 19:01 by Tristan Rich · The Markets Daily

Contango ORE, Inc. (NYSEAMERICAN:CTGO – Get Free Report) shares were up 7.1% during mid-day trading on Thursday . The stock traded as high as $17.17 and last traded at $17.1190. 182,928 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 460,707 shares. The stock had previously closed at $15.99.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CTGO. Canaccord Genuity Group started coverage on Contango ORE in a report on Thursday, March 26th. They set a “buy” rating and a $32.00 price objective for the company. Zacks Research upgraded Contango ORE to a “hold” rating in a research note on Wednesday, May 20th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.50.

Read Our Latest Stock Report on CTGO

Contango ORE Stock Performance

The stock’s 50-day moving average price is $19.88 and its 200 day moving average price is $23.87. The firm has a market cap of $555.21 million, a P/E ratio of -9.32 and a beta of -0.02. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.27 and a quick ratio of 1.27.

Contango ORE (NYSEAMERICAN:CTGO – Get Free Report) last released its earnings results on Thursday, May 14th. The company reported ($0.83) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.99). As a group, equities analysts predict that Contango ORE, Inc. will post 0.94 EPS for the current year.

Insider Activity at Contango ORE

In related news, CEO Nieuwenhuyse Rick Van acquired 4,111 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was bought at an average price of $15.24 per share, for a total transaction of $62,651.64. Following the acquisition, the chief executive officer directly owned 555,251 shares of the company’s stock, valued at approximately $8,462,025.24. The trade was a 0.75% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Contango ORE

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Strs Ohio acquired a new position in Contango ORE during the fourth quarter valued at approximately $29,000. Quarry LP bought a new stake in shares of Contango ORE during the 3rd quarter worth approximately $38,000. Tower Research Capital LLC TRC raised its stake in shares of Contango ORE by 141.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,264 shares of the company’s stock worth $44,000 after purchasing an additional 1,327 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Contango ORE by 435.2% in the 4th quarter. Federated Hermes Inc. now owns 1,884 shares of the company’s stock valued at $50,000 after buying an additional 1,532 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Contango ORE in the 4th quarter valued at approximately $51,000. Institutional investors own 19.14% of the company’s stock.

About Contango ORE

(Get Free Report)

Contango ORE Royalty Trust (NYSE American: CTGO) is a grantor royalty trust that holds net overriding royalty interests in oil and gas properties. As a non‐operating entity, the trust itself does not engage in exploration, drilling or production activities but instead receives a percentage of revenues generated by producing wells. This structure offers investors exposure to commodity price movements and production volumes without the direct capital expenditure or operational risks associated with upstream oil and gas companies.