Contango Ore (NYSEAMERICAN:CTGO) Announces Quarterly Earnings Results

Contango Ore (NYSEAMERICAN:CTGO) posted its quarterly earnings data on Tuesday. The company reported ($1.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.40) by ($0.50), Zacks reports.

Contango Ore Price Performance

Shares of NYSEAMERICAN:CTGO traded up $0.98 during midday trading on Thursday, reaching $19.82. The company had a trading volume of 26,690 shares, compared to its average volume of 51,149. Contango Ore has a 52-week low of $14.03 and a 52-week high of $25.32.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CTGO. Fundamental Research set a $29.67 price objective on shares of Contango Ore and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Roth Mkm cut their target price on Contango Ore from $38.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, August 9th.

Contango Ore Company Profile

Contango Ore, Inc, an exploration stage company, engages in the exploration and development of mineral properties in Alaska, the United States. It primarily explores for gold, silver, and copper ores. The company was founded in 2009 and is headquartered in Fairbanks, Alaska.