Contango ORE (NYSEAMERICAN:CTGO) Hits New 12-Month Low – Here’s Why

Posted by George Bondi on Jun 8th, 2026

Contango ORE, Inc. (NYSEAMERICAN:CTGO – Get Free Report)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $16.29 and last traded at $16.4050, with a volume of 531734 shares traded. The stock had previously closed at $16.50.

Analyst Ratings Changes

CTGO has been the subject of several research reports. Canaccord Genuity Group started coverage on shares of Contango ORE in a research note on Thursday, March 26th. They issued a “buy” rating and a $32.00 price target for the company. Zacks Research raised shares of Contango ORE to a “hold” rating in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $33.50.

Check Out Our Latest Stock Analysis on CTGO

Contango ORE Price Performance

The firm’s fifty day moving average price is $21.70 and its 200 day moving average price is $24.90. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.07. The stock has a market cap of $530.22 million, a PE ratio of -8.90 and a beta of -0.06.

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

Insider Activity at Contango ORE

In related news, CFO Michael Aaron Clark sold 10,075 shares of the company’s stock in a transaction 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 sale, the chief financial officer owned 39,798 shares of the company’s stock, valued at $713,180.16. This represents a 20.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP David Gregory Larimer sold 2,775 shares of the company’s stock in a transaction 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 sale, 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 position. 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 90 days. 14.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Contango ORE

Hedge funds and other institutional investors have recently made changes to their positions in the company. Alyeska Investment Group L.P. bought a new position in shares of Contango ORE in the third quarter worth about $36,772,000. Franklin Resources Inc. grew its holdings in shares of Contango ORE by 223.2% in the third quarter. Franklin Resources Inc. now owns 726,350 shares of the company’s stock worth $18,108,000 after purchasing an additional 501,641 shares during the last quarter. Van ECK Associates Corp bought a new position in shares of Contango ORE in the third quarter worth about $8,531,000. Glazer Capital LLC bought a new position in shares of Contango ORE in the fourth quarter worth about $8,453,000. Finally, Bank of America Corp DE grew its holdings in shares of Contango ORE by 1,908.3% in the first quarter. Bank of America Corp DE now owns 207,841 shares of the company’s stock worth $3,897,000 after purchasing an additional 197,492 shares during the last quarter. Hedge funds and other institutional investors own 19.14% of the company’s stock.

Contango ORE Company Profile

(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.