Roth Capital Forecasts Contango Ore FY2024 Earnings

Contango Ore, Inc. (OTC:CTGO) – Roth Capital issued their FY2024 EPS estimates for Contango Ore in a report released on Tuesday, December 10th. Roth Capital analyst M. Niehuser forecasts that the company will earn ($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

Shares of OTC:CTGO opened at $11.43 on Friday. Contango Ore has a fifty-two week low of $11.35 and a fifty-two week high of $25.32. The firm has a market cap of $139.77 million, a P/E ratio of -1.46 and a beta of 0.48.

Insider Buying and Selling at Contango Ore

In other Contango Ore news, CEO Nieuwenhuyse Rick Van acquired 10,000 shares of the stock in a transaction on Tuesday, December 10th. The stock was acquired at an average price of $12.89 per share, for a total transaction of $128,900.00. Following the completion of the transaction, the chief executive officer now directly owns 498,332 shares of the company’s stock, valued at $6,423,499.48. This trade represents a 2.05 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John B. Juneau acquired 4,999 shares of the stock in a transaction on Monday, December 9th. The shares were acquired at an average price of $12.04 per share, with a total value of $60,187.96. Following the transaction, the director now directly owns 311,111 shares of the company’s stock, valued at $3,745,776.44. The trade was a 1.63 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 19,999 shares of company stock worth $250,188 over the last 90 days. 17.80% of the stock is owned by insiders.