Contango Ore (NYSEAMERICAN:CTGO) Issues Quarterly Earnings Results, Misses Expectations By $0.50 EPS

Contango Ore (NYSEAMERICAN:CTGO) issued its quarterly earnings results on Tuesday. The company reported ($1.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.40) by ($0.50), Zacks reports.

Contango Ore Stock Up 5.6 %

NYSEAMERICAN CTGO traded up $1.06 on Thursday, hitting $19.90. The stock had a trading volume of 29,025 shares, compared to its average volume of 51,165. Contango Ore has a 52-week low of $14.03 and a 52-week high of $25.32.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Fundamental Research set a $29.67 target price on shares of Contango Ore and gave the company a “buy” rating in a research note on Tuesday, May 14th. Roth Mkm cut their price target on Contango Ore from $38.00 to $33.00 and set a “buy” rating for the company in a research note on Friday, August 9th.

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.