Roth Capital raised the firm’s price target on Contango Ore (CTGO) to $26 from $22 and keeps a Buy rating on the shares. The company’s Q1 results show improving gold production from the Manh Choh project, and it is using cash flow to reduce debt and hedge contracts, the analyst tells investors in a research note. This is Contango’s primary focus in 2025, with the potential to fund exploration drilling at its Lucky Shot project and maintain its schedule for permitting and developing Johnson Tract, the firm added.
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Read More on CTGO:
- Contango Ore price target raised to $26 from $22 at Roth Capital
- Contango ORE’s Earnings Call: Mixed Sentiments and Strategic Moves
- Contango ORE Reports Strong Operational Income Amid Challenges
- Contango ORE Reports Strong Q1 2025 Financial Performance
- Contango ORE Completes Johnson Tract Technical Report
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