Contango Ore Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Contango Ore stock have an average target of 37, with a low estimate of 36 and a high estimate of 38. The average target predicts an increase of 104.65% from the current stock price of 18.08.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$36	$37	$38	$38
Change	+99.12%	+104.65%	+110.18%	+110.18%

* Price targets were last updated on May 16, 2024.

Analyst Ratings

The average analyst rating for Contango Ore stock from 2 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Jan '24	Feb '24	Mar '24	Apr '24	May '24	Jun '24
Strong Buy	2	2	2	2	2	2
Buy	0	0	0	0	0	0
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	2	2	2	2	2	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Mike Niehuser Roth MKM	Roth MKM	Strong Buy Maintains $38	Strong Buy	Maintains	$38	+110.18%	May 16, 2024
Mike Niehuser Roth MKM	Roth MKM	Strong Buy Maintains $38	Strong Buy	Maintains	$38	+110.18%	Mar 25, 2024
Tate Sullivan Maxim Group	Maxim Group	Strong Buy Initiates $36	Strong Buy	Initiates	$36	+99.12%	Sep 14, 2023
Mike Niehuser Roth MKM	Roth MKM	Strong Buy Reiterates $38	Strong Buy	Reiterates	$38	+110.18%	Jun 20, 2023
Mike Niehuser Roth Capital	Roth Capital	Strong Buy Initiates $38	Strong Buy	Initiates	$38	+110.18%	Oct 31, 2022

More Analyst Ratings

Financial Forecast

Revenue This Year

13.36M

Revenue Next Year

56.97M

from 13.36M

326.34%

from 13.36M

EPS This Year

-4.03

from -5.61

EPS Next Year

2.01

from -4.03

Year	2019	2020	2021	2022	2023	2024	2025	2026
Revenue	-	-	-	-	-	13.36M	56.97M	189.92M
Revenue Growth	-	-	-	-	-	-	326.34%	233.39%
EPS	-1.33	-1.43	3.82	-3.49	-5.61	-4.03	2.01	3.69
EPS Growth	-	-	-	-	-	-	-	83.76%
Forward PE	-	-	-	-	-	-	9.00	4.90
No. Analysts	-	-	-	-	-	4	4	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026
High	27.5M	117.3M	195.5M
Avg	13.4M	57.0M	189.9M
Low	n/a	n/a	182.5M

Revenue Growth

Revenue Growth	2024	2025	2026
High	-	777.8%	243.2%
Avg	-	326.3%	233.4%
Low	-	-	220.3%

EPS Forecast

EPS	2024	2025	2026
High	-1.40	2.22	3.80
Avg	-4.03	2.01	3.69
Low	-6.44	1.79	3.55

EPS Growth

EPS Growth	2024	2025	2026
High	-	-	89.2%
Avg	-	-	83.8%
Low	-	-	76.6%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.