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An announcement from Contango ORE ( (CTGO) ) is now available.
On June 25, 2025, Contango ORE, Inc. announced a $21 million cash distribution from the Peak Gold JV, marking a total of $54 million received year-to-date. The company has completed two out of four production campaigns in 2025, producing approximately 36,000 ounces of gold. Contango plans to use the increased cash flow to reduce debt and fulfill hedge contracts, while advancing permitting activities on the Johnson Tract project. The company projects cash distributions for 2025 to exceed $95 million, assuming a $3,100 per ounce spot gold price.
The most recent analyst rating on (CTGO) stock is a Buy with a $33.00 price target. To see the full list of analyst forecasts on Contango ORE stock, see the CTGO Stock Forecast page.
Spark’s Take on CTGO Stock
According to Spark, TipRanks’ AI Analyst, CTGO is a Neutral.
Contango ORE’s overall stock score reflects a company in transition. While technical indicators suggest positive momentum, financial performance remains weak due to high leverage and lack of profitability. Earnings call highlights show potential for improvement, but valuation concerns persist, balancing the outlook.
To see Spark’s full report on CTGO stock, click here.
More about Contango ORE
Contango ORE, Inc. is a NYSE American listed company engaged in the exploration of gold and associated minerals in Alaska. The company holds a 30% interest in the Peak Gold JV, which focuses on the exploration and development of the Manh Choh project, with the remaining 70% owned by KG Mining (Alaska), Inc., a subsidiary of Kinross Gold Corporation.
Average Trading Volume: 121,686
Technical Sentiment Signal: Buy
Current Market Cap: $256.2M
See more data about CTGO stock on TipRanks’ Stock Analysis page.