Analyst Price Target is $31.18
▲ +57.40% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for Contango Ore in the last 3 months. The average price target is $31.18, with a high forecast of $38.00 and a low forecast of $23.22. The average price target represents a 57.40% upside from the last price of $19.81.
Current Consensus is
Buy
The current consensus among 4 contributing investment analysts is to buy stock in Contango Ore. This Buy consensus rating has held steady for over two years.
Contango Ore, Inc., an exploration stage company, engages in the exploration of gold and associated minerals in the United States. It also explores for copper and silver deposits. The company, through its subsidiaries, leases approximately 675,000 acres from the Tetlin Tribal Council and holds approximately 13,000 State of Alaska mining claims for exploration and development; leases mineral rights approximately 8,600 acres of State of Alaska and patented mining claims for exploration from Alaska Hard Rock, Inc.; and owns 100% interest in the mineral rights to approximately 154,000 acres of State of Alaska mining claims for exploration located north and northwest of the Manh Choh Project. The company also holds interest in the Shamrock property that consists of 361 Alaska state mining claims covering approximately 52,700 acres; owns 100% interest in the Eagle/Hona property, which covers approximately 69,780 acres; and Triple Z property covering approximately 14,800 acres. Contango Ore, Inc. was founded in 2009 and is headquartered in Houston, Texas.
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