Roth Capital Lifted its Price Target for Contango Ore, Inc. (CTGO)

From Yahoo Finance: 2025-05-30 00:17:00

Roth Capital raises Contango Ore’s price target from $22 to $26, reiterates Buy rating. Company aims to manage hedging contracts, reduce debt, increase gold output from Manh Choh project. Plans to maintain Johnson Tract development schedule, finance exploration drilling at Lucky Shot project for potential pit enlargement and increased cash flow. Sold over 17,000 ounces of gold, generated $19 million in operating profits, decreased debt facility balance to $30 million with $35 million in cash and $4 million in marketable securities. No disclosure mentioned.

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