Is Contango ORE Stock a Good Investment?

Contango ORE Investment Advice

  CTGO
To provide specific investment advice or recommendations on Contango ORE stock, we recommend investors consider the following general factors when evaluating Contango ORE. This will help you to make an informed decision on whether to include Contango ORE in one of your diversified portfolios:
  • Examine Contango ORE's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
  • Research Contango ORE's leadership team and their track record. Good management can help Contango ORE navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
  • Consider the overall health of the Diversified Metals & Mining space and any emerging trends that could impact Contango ORE's business and its evolving consumer preferences.
  • Compare Contango ORE's performance and market position to its competitors. Analyze how Contango ORE is positioned in terms of product offerings, innovation, and market share.
  • Check if Contango ORE pays a dividend and its dividend yield and payout ratio.
  • Review what financial analysts are saying about Contango ORE's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Contango ORE stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Contango ORE is a good investment.
 
Sell
 
Buy
Strong Sell
Our investment recommendation module complements current analysts and expert consensus on Contango ORE. It analyzes the firm potential to grow using all fundamental, technical, and market related data available at the time. To make sure Contango ORE is not overpriced, please confirm all Contango ORE fundamentals, including its current ratio, and the relationship between the net income and target price . Given that Contango ORE has a price to earning of 5.89 X, we suggest you to validate Contango ORE market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.

Market Performance

OKDetails

Volatility

Not too volatileDetails

Hype Condition

Under hypedDetails

Current Valuation

UndervaluedDetails

Odds Of Distress

Above AverageDetails

Economic Sensitivity

Moves slightly opposite to the marketDetails

Investor Sentiment

InterestedDetails

Analyst Consensus

Strong BuyDetails

Financial Strenth (F Score)

FrailDetails

Financial Leverage

InapplicableDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails

Examine Contango ORE Stock

Researching Contango ORE's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 42.0% of the company shares are held by company insiders. The book value of Contango ORE was currently reported as 1.18. The company recorded a loss per share of 7.04. Contango ORE had not issued any dividends in recent years.
To determine if Contango ORE is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Contango ORE's research are outlined below:
Contango ORE appears to be risky and price may revert if volatility continues
Contango ORE has high likelihood to experience some financial distress in the next 2 years
Net Loss for the year was (39.74 M) with profit before overhead, payroll, taxes, and interest of 0.
Contango ORE currently holds about 23.1 M in cash with (14.68 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.41.
Contango ORE has a frail financial position based on the latest SEC disclosures
Roughly 42.0% of the company shares are held by company insiders
Latest headline from news.google.com: Contango Ores Buy Rating Reaffirmed at Roth Mkm - MarketBeat
Contango ORE uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Contango ORE. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Contango ORE's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
5th of February 2024
Upcoming Quarterly Report
View
9th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
11th of September 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
30th of June 2023
Last Financial Announcement
View
Earnings surprises can significantly impact Contango ORE's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Contango ORE's investors have experienced.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2023-09-13
2023-06-30-1.04-1.38-0.3432 
2024-03-14
2023-12-31-0.79-1.47-0.6886 
2023-05-11
2023-03-31-1.93-1.090.8443 
2023-11-14
2023-09-30-0.61-1.47-0.86140 
2024-05-14
2024-03-31-0.99-2.14-1.15116 
2023-02-06
2022-12-31-0.91-2.1-1.19130 

Contango ORE Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Contango target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Contango ORE's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   5  Strong Buy
Most Contango analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Contango stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Contango ORE, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Contango ORE Target Price Projection

Contango ORE's current and average target prices are 21.33 and 34.67, respectively. The current price of Contango ORE is the price at which Contango ORE is currently trading. On the other hand, Contango ORE's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Contango ORE Market Quote on 21st of May 2024

Low Price20.32Odds
High Price21.33Odds

21.33

Target Price

Analyst Consensus On Contango ORE Target Price

Low Estimate31.55Odds
High Estimate38.48Odds

34.67

Historical Lowest Forecast  31.55 Target Price  34.67 Highest Forecast  38.48
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Contango ORE and the information provided on this page.

Contango ORE Analyst Ratings

Contango ORE's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Contango ORE stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Contango ORE's financials, market performance, and future outlook by experienced professionals. Contango ORE's historical ratings below, therefore, can serve as a valuable tool for investors.

Contango ORE's market capitalization trends

The company currently falls under 'Small-Cap' category with a current market capitalization of 211.22 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Contango ORE's market, we take the total number of its shares issued and multiply it by Contango ORE's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Market Cap

174.56 Million

Contango ORE's profitablity analysis

Contango ORE's profitability indicators refer to fundamental financial ratios that showcase Contango ORE's ability to generate income relative to its revenue or operating costs. If, let's say, Contango ORE is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Contango ORE's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Contango ORE's profitability requires more research than a typical breakdown of Contango ORE's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
Last ReportedProjected for Next Year
Return On Tangible Assets(1.39)(1.46)
Return On Capital Employed(0.39)(0.41)
Return On Assets(1.39)(1.46)
Return On Equity 5.61  5.89 
Determining Contango ORE's profitability involves analyzing its financial statements and using various financial metrics to determine if Contango ORE is a good buy. For example, gross profit margin measures Contango ORE's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Contango ORE's profitability and make more informed investment decisions.
The data published in Contango ORE's official financial statements usually reflect Contango ORE's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Contango ORE. For example, before you start analyzing numbers published by Contango accountants, it's critical to develop an understanding of what Contango ORE's liquidity, profitability, and earnings quality are in the context of the Metals & Mining space in which it operates.
Please note, the presentation of Contango ORE's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Contango ORE's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Contango ORE's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Contango ORE. Please utilize our Beneish M Score to check the likelihood of Contango ORE's management manipulating its earnings.

Evaluate Contango ORE's management efficiency

Contango ORE has return on total asset (ROA) of (0.2109) % which means that it has lost $0.2109 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (5.0543) %, meaning that it created substantial loss on money invested by shareholders. Contango ORE's management efficiency ratios could be used to measure how well Contango ORE manages its routine affairs as well as how well it operates its assets and liabilities. As of the 21st of May 2024, Return On Equity is likely to grow to 5.89, while Return On Tangible Assets are likely to drop (1.46). At this time, Contango ORE's Total Assets are very stable compared to the past year. As of the 21st of May 2024, Non Current Assets Total is likely to grow to about 16.1 M, while Total Current Assets are likely to drop about 10.5 M.
Last ReportedProjected for Next Year
Book Value Per Share(1.58)(1.51)
Net Current Asset Value 0.00  0.00 
Tangible Asset Value 0.00  0.00 
Tangible Book Value Per Share(1.58)(1.51)
Enterprise Value Over EBITDA(11.06)(11.61)
Price Book Value Ratio(11.43)(10.86)
Enterprise Value Multiple(11.06)(11.61)
Price Fair Value(11.43)(10.86)
Enterprise Value195.2 M205 M
The analysis of Contango ORE's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Contango ORE's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Contango Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta
0.541

Basic technical analysis of Contango Stock

As of the 21st of May, Contango ORE shows the Mean Deviation of 3.05, risk adjusted performance of 0.0871, and Downside Deviation of 3.82. Contango ORE technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Contango ORE, which can be compared to its peers. Please confirm Contango ORE coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to decide if Contango ORE is priced correctly, providing market reflects its regular price of 21.33 per share. Given that Contango ORE has jensen alpha of 0.6108, we suggest you to validate Contango ORE's prevailing market performance to make sure the company can sustain itself at a future point.

Contango ORE's insider trading activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Contango ORE insiders, such as employees or executives, is commonly permitted as long as it does not rely on Contango ORE's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Contango ORE insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Understand Contango ORE's technical and predictive indicators

Using predictive indicators to make investment decisions involves analyzing Contango ORE's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.

Consider Contango ORE's intraday indicators

Contango ORE intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Contango ORE stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Contango ORE Corporate Filings

8K
16th of May 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
10Q
14th of May 2024
Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations
ViewVerify
18th of April 2024
Other Reports
ViewVerify
F4
9th of April 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
Contango ORE time-series forecasting models is one of many Contango ORE's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Contango ORE's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Contango Stock media impact

Far too much social signal, news, headlines, and media speculation about Contango ORE that are available to investors today. That information is available publicly through Contango media outlets and privately through word of mouth or via Contango internal channels. However, regardless of the origin, that massive amount of Contango data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Contango ORE news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Contango ORE relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Contango ORE's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Contango ORE alpha.

Contango ORE Sentiment by Major News Outlets

Investor sentiment, mood or attitude towards Contango ORE can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Contango ORE without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Contango ORE Corporate Executives

Elected by the shareholders, the Contango ORE's board of directors comprises two types of representatives: Contango ORE inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Contango. The board's role is to monitor Contango ORE's management team and ensure that shareholders' interests are well served. Contango ORE's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Contango ORE's outside directors are responsible for providing unbiased perspectives on the board's policies.
Leah GainesCFO, Chief Accounting Officer, VP, Treasurer and SecretaryProfile

How to buy Contango Stock?

To provide specific investment advice or recommendations on Contango ORE stock, we recommend investors consider the following general factors when evaluating Contango ORE. This will help you to make an informed decision on whether to include Contango ORE in one of your diversified portfolios:
  • Examine Contango ORE's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
  • Research Contango ORE's leadership team and their track record. Good management can help Contango ORE navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
  • Consider the overall health of the Diversified Metals & Mining space and any emerging trends that could impact Contango ORE's business and its evolving consumer preferences.
  • Compare Contango ORE's performance and market position to its competitors. Analyze how Contango ORE is positioned in terms of product offerings, innovation, and market share.
  • Check if Contango ORE pays a dividend and its dividend yield and payout ratio.
  • Review what financial analysts are saying about Contango ORE's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Contango ORE stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Contango ORE is a good investment.

Already Invested in Contango ORE?

The danger of trading Contango ORE is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Contango ORE is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Contango ORE. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Contango ORE is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Contango ORE offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Contango ORE's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Contango Ore Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Contango Ore Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Contango ORE. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
To learn how to invest in Contango Stock, please use our How to Invest in Contango ORE guide.
Note that the Contango ORE information on this page should be used as a complementary analysis to other Contango ORE's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.

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When running Contango ORE's price analysis, check to measure Contango ORE's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Contango ORE is operating at the current time. Most of Contango ORE's value examination focuses on studying past and present price action to predict the probability of Contango ORE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Contango ORE's price. Additionally, you may evaluate how the addition of Contango ORE to your portfolios can decrease your overall portfolio volatility.
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Is Contango ORE's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Contango ORE. If investors know Contango will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Contango ORE listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(7.04)
Return On Assets
(0.21)
Return On Equity
(5.05)
The market value of Contango ORE is measured differently than its book value, which is the value of Contango that is recorded on the company's balance sheet. Investors also form their own opinion of Contango ORE's value that differs from its market value or its book value, called intrinsic value, which is Contango ORE's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Contango ORE's market value can be influenced by many factors that don't directly affect Contango ORE's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Contango ORE's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Contango ORE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Contango ORE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.