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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