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Contango ORE ( (CTGO) ) has shared an update.
On November 19, 2025, Contango ORE, Inc. announced the commencement of the Lucky Shot drill program aimed at completing a Feasibility Study. This program, which started on the announcement date, involves a four-phase drilling operation expected to extend through 2026, with the Feasibility Study anticipated to be completed in 2027. The drilling will focus on in-filling the Lucky Shot vein resource and conducting various tests to support the development of a reserve model. This initiative marks a significant step in advancing the company’s exploration efforts and could potentially enhance its market position by providing a robust resource model.
The most recent analyst rating on (CTGO) stock is a Buy with a $35.00 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 company listed on the NYSE American that engages in the exploration of gold and associated minerals in Alaska. It holds a 30% interest in the Peak Gold JV, which involves approximately 675,000 acres of land for exploration and development. The company also has leases on the Johnson Tract and Lucky Shot projects, and owns significant mining claims in Alaska.
Average Trading Volume: 125,456
Technical Sentiment Signal: Buy
Current Market Cap: $321M
For detailed information about CTGO stock, go to TipRanks’ Stock Analysis page.