Contango Ore (NYSEAMERICAN:CTGO – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported ($1.90) earnings per share for the quarter, missing the consensus estimate of ($1.40) by ($0.50), Zacks reports.
Contango Ore Stock Performance
Shares of CTGO stock traded up $1.03 during mid-day trading on Thursday, reaching $19.87. The stock had a trading volume of 43,436 shares, compared to its average volume of 51,257. Contango Ore has a 12-month low of $14.03 and a 12-month high of $25.32.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on CTGO. Roth Mkm decreased their price target on Contango Ore from $38.00 to $33.00 and set a “buy” rating for the company in a report on Friday, August 9th. Fundamental Research set a $29.67 target price on Contango Ore and gave the company a “buy” rating in a report on Tuesday, May 14th.
About Contango Ore
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.
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