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Contango ORE Inc

Contango ORE Inc

CTGO
$20.14USD↑+2.70%+0.53 today

MARKET CAP

673.5M

P/E (TTM)

—

FWD P/E

—

DAY RANGE

$20 – $20

52W RANGE

$15
$34

AI Summary

Stalk
Sell NowMedium

CTGO is entrenched in a Stage 4 decline with confirmed lower-high/lower-low structure and downward-sloping EMAs. Price continues to trade below the 9 EMA and 20 EMA, with each rally stalling and rejecting in that zone. The dominant pattern and stage context favor further downside. Execution will sell into rallies at the 9/21 EMA resistance for continuation toward new lows.

  • ↑Lucky Shot acquisition adds high-grade resource with no new royalties
  • ↑Management targets 40k–45k oz gold production next year
  • ↓Q2 net operational loss of $8.5M and falling net income YoY
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Contango Silver & Gold Inc. (CTGO) is a junior resource company actively engaged in the exploration and development of gold and associated minerals in Alaska, particularly through its joint venture on the Peak Gold project. The company is currently positioning itself for significant growth in gold and silver output, capitalizing on favorable market conditions and its unique set of assets. With a strong emphasis on operational efficiency and strategic acquisitions like the Lucky Shot project, CTGO aims to leverage its resources to maximize shareholder value.

Bull says

  • ↑Lucky Shot acquisition adds high-grade resource with no new royalties
  • ↑Management targets 40k–45k oz gold production next year
  • ↑Q2 cash $89M; joint venture distributions may exceed $60M
  • ↑Unhedged gold position offers pure upside to rising prices
  • ↑0.37% dividend yield delivers income amid market volatility
  • ↑Strong liquidity supports ongoing project investments

Bear says

  • ↓Q2 net operational loss of $8.5M and falling net income YoY
  • ↓Cash costs of $1,900–$2,000/oz threaten profitability at current gold prices
  • ↓High debt-to-equity elevates leverage risk amid potential rate hikes
  • ↓Weak profitability factors and negative growth signals undermine confidence
  • ↓Reliance on gold price swings exposes cash flows to volatility
  • ↓Exploration and feasibility risks could derail future production targets

Earnings Call · Q2 2025 · Mgmt. Guidance

Updated 08-20-2026bullish

Transcript signals

Bull points

  • Operating earnings for $23 million, net income about $16 million. I'm really proud of our cash costs, seeing those being well under guidance. Cash costs for the quarter were $14.16. For the year, $13.75. Our all-in sustaining costs, $15.48 for the quarter. and 1462 year to date.
  • The mining has been very smooth and on plan, on schedule, on budget, The transport has gone better than planned in terms of not as many shutdown days due to weather and things like that.
  • you went from a 2.1 million operating loss in Q2 of last year to 23 million operating income this quarter.

Bear points

  • The last piece of the puzzle is running the ore through the mill, and they just continue to make nice improvements.
  • We weren't in production in the first half of 2024, whereas we were in production here.
Read full transcript analysis ›