Roth Capital Comments on Contango Ore FY2024 Earnings

Contango Ore, Inc. (OTC:CTGO) – Equities research analysts at Roth Capital issued their FY2024 earnings per share estimates for shares of Contango Ore in a research note issued on Tuesday, December 10th. Roth Capital analyst M. Niehuser forecasts that the company will post earnings of ($5.36) per share 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 Price Performance

CTGO stock opened at $11.43 on Friday. The company has a market cap of $139.77 million, a PE ratio of -1.46 and a beta of 0.48. Contango Ore has a twelve month low of $11.35 and a twelve month high of $25.32.

Insiders Place Their Bets

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