Contango ORE (NYSEAMERICAN:CTGO) Reaches New 1-Year Low – Time to Sell?

Posted by Stanley Muller on Oct 22nd, 2026

Contango ORE, Inc. (NYSEAMERICAN:CTGO – Get Free Report)’s share price reached a new 52-week low during trading on Thursday. The stock traded as low as $14.10 and last traded at $14.49, with a volume of 468,783 shares changing hands. The stock had previously closed at $15.02.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CTGO. Freedom Broker upped their price target on Contango ORE from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday. National Bank Financial began coverage on Contango ORE in a report on Thursday, October 8th. They issued an “outperform” rating for the company. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

Get Our Latest Stock Analysis on Contango ORE

Contango ORE Stock Down 3.5%

The stock has a fifty day simple moving average of $18.14 and a two-hundred day simple moving average of $18.87. The firm has a market cap of $485.42 million, a PE ratio of 10.58 and a beta of 0.13. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06.

Contango ORE (NYSEAMERICAN:CTGO – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.18. As a group, sell-side analysts expect that Contango ORE, Inc. will post 0.40 EPS for the current fiscal year.

Insider Buying and Selling at Contango ORE

In other Contango ORE news, CFO Michael Aaron Clark sold 1,289 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $20.94, for a total transaction of $26,991.66. Following the transaction, the chief financial officer directly owned 54,709 shares in the company, valued at $1,145,606.46. This trade represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.40% of the company’s stock.

Institutional Investors Weigh In On Contango ORE

Hedge funds have recently made changes to their positions in the business. Eastern Bank purchased a new stake in shares of Contango ORE in the 3rd quarter valued at $32,000. Strs Ohio grew its holdings in shares of Contango ORE by 154.5% during the 1st quarter. Strs Ohio now owns 2,800 shares of the company’s stock valued at $52,000 after purchasing an additional 1,700 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Contango ORE during the 2nd quarter valued at $157,000. Squarepoint Ops LLC bought a new position in shares of Contango ORE during the 2nd quarter valued at $165,000. Finally, Cetera Investment Advisers purchased a new position in Contango ORE in the 1st quarter worth $204,000. 19.14% of the stock is currently owned by institutional investors.

About Contango ORE

(Get Free Report)

Contango ORE, Inc is a gold exploration, development and production company focused on mineral properties in Alaska. The company’s principal asset is its interest in the Peak Gold Joint Venture, which holds the Manh Choh project in the Tetlin area of eastern Alaska. Contango owns a minority interest in the joint venture, while Kinross Gold Corporation is the operator and majority partner.

Manh Choh is a high-grade gold project whose ore is transported to Kinross’ Fort Knox processing facility near Fairbanks.