Roth Capital Estimates Contango Ore FY2024 Earnings

Contango Ore, Inc. (OTC:CTGO) – Equities researchers at Roth Capital issued their FY2024 earnings per share estimates for Contango Ore in a report released on Tuesday, December 10th. Roth Capital analyst M. Niehuser forecasts that the company will post earnings per share of ($5.36) for the year. Roth Capital also issued estimates for Contango Ore’s Q4 2024 earnings at ($0.49) EPS, Q1 2025 earnings at ($0.52) EPS, Q2 2025 earnings at ($0.56) EPS, Q3 2025 earnings at ($0.48) EPS, Q4 2025 earnings at ($0.37) EPS and FY2025 earnings at ($1.93) EPS.

Contango Ore Stock Performance

Contango Ore stock opened at $11.64 on Friday. The firm has a market capitalization of $142.33 million, a price-to-earnings ratio of -1.49 and a beta of 0.48. Contango Ore has a 1-year low of $11.35 and a 1-year high of $25.32.

Insider Buying and Selling

In related news, CEO Nieuwenhuyse Rick Van acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was bought at an average cost of $12.89 per share, with a total value of $128,900.00. Following the transaction, the chief executive officer now owns 498,332 shares of the company’s stock, valued at $6,423,499.48. The trade was a 2.05 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John B. Juneau bought 4,999 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was bought at an average cost of $12.04 per share, for a total transaction of $60,187.96. Following the acquisition, the director now owns 311,111 shares of the company’s stock, valued at approximately $3,745,776.44. This trade represents a 1.63 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 19,999 shares of company stock worth $250,188 in the last ninety days. 17.80% of the stock is owned by corporate insiders.