Contango ORE (NYSEAMERICAN:CTGO) Releases Quarterly Earnings Results, Misses Expectations By $0.99 EPS

Posted by Stanley Muller on May 15th, 2026

Contango ORE (NYSEAMERICAN:CTGO – Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($0.83) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.99), FiscalAI reports.

Contango ORE Trading Down 9.2%

Shares of NYSEAMERICAN:CTGO traded down $2.27 during trading on Friday, reaching $22.44. 902,584 shares of the company were exchanged, compared to its average volume of 402,330. The firm has a market capitalization of $377.44 million, a PE ratio of -7.76 and a beta of -0.02. The business’s fifty day simple moving average is $22.52 and its 200-day simple moving average is $25.09. Contango ORE has a 12-month low of $14.55 and a 12-month high of $34.38. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.90 and a quick ratio of 0.90.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CTGO shares. Zacks Research raised shares of Contango ORE from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. Canaccord Genuity Group assumed coverage on shares of Contango ORE in a report on Thursday, March 26th. They issued a “buy” rating and a $32.00 price target for the company. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $33.50.

Read Our Latest Stock Report on Contango ORE

Insider Activity at Contango ORE

In related news, CFO Michael Aaron Clark sold 10,075 shares of Contango ORE stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $17.92, for a total transaction of $180,544.00. Following the transaction, the chief financial officer directly owned 39,798 shares of the company’s stock, valued at $713,180.16. This trade represents a 20.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP David Gregory Larimer sold 2,775 shares of Contango ORE stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $17.92, for a total transaction of $49,728.00. Following the transaction, the vice president directly owned 12,793 shares in the company, valued at approximately $229,250.56. The trade was a 17.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 34,471 shares of company stock valued at $617,720 over the last ninety days. 14.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Contango ORE

Several institutional investors have recently bought and sold shares of CTGO. Deutsche Bank AG boosted its stake in Contango ORE by 4.3% in the fourth quarter. Deutsche Bank AG now owns 10,104 shares of the company’s stock valued at $267,000 after acquiring an additional 417 shares in the last quarter. Bridgeway Capital Management LLC boosted its stake in Contango ORE by 4.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 22,400 shares of the company’s stock valued at $592,000 after acquiring an additional 1,000 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Contango ORE by 129.9% in the third 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 in the last quarter. Tower Research Capital LLC TRC boosted its stake in Contango ORE by 141.6% in the second 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. Finally, Bank of America Corp DE boosted its stake in Contango ORE by 22.6% in the second quarter. Bank of America Corp DE now owns 8,038 shares of the company’s stock valued at $157,000 after acquiring an additional 1,481 shares in the last quarter. 19.14% of the stock is owned by hedge funds and other institutional investors.

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.

The trust’s assets consist primarily of royalty interests in offshore leases located on the continental shelf of the Gulf of Mexico.