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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#3251
Positioning
Market Dominance
Mining
Precious Metals
$316M
Rick v. Nieuwenhuyse
Contango Ore, Inc. engages in the exploration of gold and associated minerals in the United States. It also explores for copper and silver deposits. The company owns 100% interest in the mineral rights to approximately 200,000 acres of State of Alaska mining claims.
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| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$VALE Vale S.A. | 75 | 88 | 93 | 67 | - | - | 15.8% | 6.9% | 36.6% | 22.8% | 15.9% | -8.9% | 0.0% | 0.0x | $38.7B | VS | |
$SU SUNCOR ENERGY INC | 74 | 87 | 90 | 53 | - | - | 13.1% | 6.5% | 58.3% | 18.4% | 11.0% | -3.6% | 4.9% | 29.0x | $46.0B | VS | |
$TRX TRX GOLD Corp | 72 | 83 | 77 | 96 | - | - | 10.7% | 6.1% | 41.5% | 27.8% | 11.4% | 40.0% | 0.0% | 2.0x | $104M | VS | |
$ORLA Orla Mining Ltd. | 72 | 94 | 83 | 78 | - | - | 19.6% | 15.7% | 74.8% | 47.5% | 26.2% | 47.2% | 0.0% | 0.0x | $1.7B | VS | |
$KGC KINROSS GOLD CORP | 71 | 83 | 89 | 79 | - | - | 15.1% | 9.3% | 37.8% | 31.6% | 20.0% | 21.3% | 1.3% | 21.0x | $11.4B | VS | |
$AEM AGNICO EAGLE MINES LTD | 71 | 80 | 80 | 71 | - | - | 9.4% | 6.5% | 60.5% | 36.0% | 22.9% | 25.0% | 2.0% | 6.0x | $38.9B | VS | |
$RIO RIO TINTO PLC | 70 | 76 | 84 | 64 | - | - | 20.3% | 11.2% | 23.0% | 20.1% | 23.1% | -1.3% | 11.2% | 26.0x | $93.8B | VS | |
$IAG IAMGOLD CORP | 70 | 71 | 82 | 89 | - | - | 29.9% | 17.1% | 33.7% | 57.8% | 51.9% | 65.4% | 0.0% | 34.0x | $2.5B | VS | |
$NGD New Gold Inc. /FI | 70 | 76 | 67 | 92 | - | - | 11.1% | 4.8% | 52.8% | 19.7% | 11.1% | 17.5% | 0.0% | 38.0x | $1.7B | VS | |
$PDS PRECISION DRILLING Corp | 70 | 77 | 90 | 65 | - | - | 6.6% | 3.6% | 34.4% | 11.0% | 5.9% | -10.0% | 0.0% | 52.0x | $876M | VS | |
$CTGO Contango ORE, Inc. | 42 | 27 | 38 | 64 | - | 8.8x | -45.5% | -10.0% | - | - | - | - | 0.0% | 88.0x | $316M | ||
| SECTOR BENCH | - | - | - | - | - | 13.7x | 5.2x | 4.0% | 3.9% | 43.2% | 12.2% | 6.2% | 2.6% | 0.0% | 0.3x | - | REF |
Contango ORE, Inc. (CTGO) receives a "Reduce" rating with a composite score of 42.2/100. It ranks #3251 out of 7,333 stocks in our coverage universe and carries a 2-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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Equity capital efficiency
Asset base utilization
Financial leverage load
Direct cash return
Rick v. Nieuwenhuyse
Chief Executive Officer
Labor Force
10
27
25
53
Audit Verdict: Lower quality and stability scores may indicate governance concerns.
No recent insider transactions available for CTGO
Outperforming peers — winners tend to keep winning over 3-12 months
Fair valuation relative to peers
Weak fundamentals — higher risk of value trap
Average volatility — neutral timing signal
Aggressive spending — empire-building risk, dilutive growth
Mid-range overall rating
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Relative valuation derived from Mining sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
No analyst ratings for CTGO.
View All RatingsInsufficient data for Financial Analysis
| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 27 | 18 | +9ALPHA |
| MOMENTUM | 64 | 69 | -5NEUTRAL |
| VALUATION | 38 | 37 | +1NEUTRAL |
| INVESTMENT | 25 | 12 | +13ALPHA |
| STABILITY | 53 | 57 | -4NEUTRAL |
| SHORT INT | 54 | 66 | -12DRAG |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROE proxy -45.5% (sector 4.0%)
GM N/A vs sector 43%, OM N/A vs sector 12%
Capital turnover N/A
Rev growth N/A, 9yr history
Interest coverage 14.5x, Net debt/EBITDA -2.6x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
Contango ORE, Inc. receives a Reduce rating from our analysis, with a composite score of 42.2/100 and 2 out of 5 stars, ranking #3251 out of 7,333 stocks. CTGO's factor profile shows weakness across multiple dimensions, suggesting the stock may underperform going forward. Existing holders may want to consider trimming positions or tightening stop-losses.
CTGO's quality score of 27/100 is below average, suggesting challenges with profitability or capital efficiency. The company reports a return on equity of -45.5% (sector avg: 4.0%). Investors should examine whether management is actively addressing these weaknesses or if they reflect structural industry headwinds.
With a value score of 38/100, CTGO appears somewhat expensive relative to its fundamentals. Key valuation metrics include an EV/EBITDA of 8.80x, a P/B ratio of 9.79x. Investors paying a premium here are likely betting on above-average growth or margin expansion to justify current prices.
Contango ORE, Inc.'s investment score of 25/100 suggests limited reinvestment activity. Key growth metrics include a return on assets of -10.0% (sector: 3.9%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
CTGO demonstrates moderate momentum with a score of 64/100, suggesting a neutral price trend without strong directional conviction. Revenue growth data is not currently available, while a beta of 0.66 reflects its sensitivity to broader market moves. Moderate momentum may indicate the stock is consolidating or transitioning between trends, warranting close monitoring of upcoming catalysts.
With a stability score of 53/100, CTGO exhibits average financial resilience. Key stability metrics include a beta of 0.66 and a debt-to-equity ratio of 88.00x (sector avg: 0.3x). While the balance sheet is not a major concern, the stock is subject to typical market volatility and may experience sharper drawdowns during risk-off episodes.
The short interest score of 54/100 for CTGO suggests somewhat elevated bearish positioning by institutional traders. Specific risk factors include elevated leverage (D/E: 88.00x), small-cap liquidity risk. With a $316M market cap (small-cap), Contango ORE, Inc. may experience above-average volatility. Investors should consider whether the short thesis has merit or if it creates a potential short-squeeze opportunity.
Contango ORE, Inc. is a small-cap company in the Mining sector, ranked #0 of 50 in its sector (100th percentile) and #3251 of 7,333 overall (56th percentile). Key comparisons include ROE of -45.5% trailing the 4.0% sector median. This top-quartile standing reflects exceptional competitive strength relative to Mining peers.
While CTGO currently exhibits a REDUCE profile, superior opportunities exist within the MINING sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
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Improvement in Investment (25) would have the largest impact on the composite score.
EV/EBITDA 68% ABOVE SECTOR MEDIAN
ROE 1248% BELOW SECTOR MEDIAN
Debt/Equity 33746% ABOVE SECTOR MEDIAN
AUDIT DATA AS OF SEP 30, 2025 (Q2 FY2025)
We rate Contango ORE, Inc. (CTGO) as a Reduce with a composite score of 42.2/100 at a current price of $28.93. The quantitative profile shows weakness across multiple dimensions, suggesting limited upside potential and elevated risk of underperformance relative to peers over the next 12 months.
The rating is primarily driven by strength in momentum (64th percentile) and stability (53th percentile), which together account for the majority of the composite score. Offsetting weakness in investment (25th percentile) and quality (27th percentile) tempers our overall conviction. We assign a No Moat rating (32/100), Medium uncertainty, and Poor capital allocation.
Key items to watch: quarterly earnings execution and sector-level competitive dynamics. Any material change in these dynamics could warrant a reassessment of our rating. The moat trend is stable, which suggests the competitive landscape is stable for now.
Contango ORE, Inc. holds a top-quartile position (#0 of 50) within the Mining sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 42.2/100 places it at rank #3251 in our full 7,333-stock universe. At $316M in market capitalization, Contango ORE, Inc. is a small-cap player in the Mining space, which limits certain scale advantages but may allow for more agile strategic execution.
Momentum indicators (64th percentile) are constructive regarding the near-term price trend. Revenue growth data is unavailable, limiting our ability to confirm whether momentum is fundamentally supported.
Margin data is not available for Contango ORE, Inc., which limits our assessment of the company's cost structure and operating efficiency. We rely on factor-based signals to infer business quality in the absence of detailed margin data.
At a current price of $28.93, Contango ORE, Inc. is trading at a premium to fundamental value. Our value factor score of 38/100 reflects a composite assessment across multiple valuation metrics including price-to-earnings, price-to-book, EV/EBITDA, and price-to-sales ratios relative to both sector peers and the broader market. The premium valuation implies the market is pricing in significant future growth or quality improvements that are not yet fully reflected in current fundamentals.
The stock currently trades at EV/EBITDA of 8.8x (at a premium), P/B of 9.8x. We evaluate these multiples in the context of both absolute levels and sector-relative positioning to form our valuation view.
The stock may offer contrarian value if near-term headwinds prove transitory — the current weakness in factor scores may reverse if business fundamentals stabilize.
The Reduce rating (composite 42.2/100) reflects multi-factor weakness, and historically, stocks in this scoring range have underperformed the market by a meaningful margin.
Below-average quality (27th percentile) raises durability concerns about the fundamental profile and increases the risk of negative earnings surprises.
We assign a Medium uncertainty rating to Contango ORE, Inc.. The stock presents a balanced risk profile: weak quality scores (27th percentile) and low beta of 0.66 — while defensive, this may indicate limited upside participation in bull markets. While not risk-free, the core business fundamentals are adequate to withstand moderate economic stress, and the range of potential outcomes around our fair value estimate is manageable.
Specific risk factors that inform our assessment include: weak quality scores (27th percentile); low beta of 0.66 — while defensive, this may indicate limited upside participation in bull markets. Each of these factors independently widens the distribution of potential outcomes, and in combination they create a risk profile that demands careful position sizing. The stability factor at the 53th percentile and quality factor at the 27th percentile provide a quantitative summary of the overall risk landscape.
We identify limited risk mitigants at this time, which contributes to our medium uncertainty assessment. Investors should monitor for improvement in balance sheet metrics, margin stability, and business predictability that could warrant a downgrade in our risk assessment over time.
We rate Contango ORE, Inc.'s capital allocation as Poor. Key concerns include low returns on equity (-45.5%), weak asset returns (ROA -10.0%). Exemplary capital allocators generate ROE above 20% and maintain conservative leverage — Contango ORE, Inc. significantly underperforms these benchmarks, raising questions about management's ability to create shareholder value.
Investors should scrutinize management's reinvestment decisions and balance sheet trajectory before committing capital. Poor capital allocation often compounds over time: overlevered balance sheets limit strategic flexibility, while low returns on capital destroy shareholder value. We would need to see sustained improvement in profitability metrics and balance sheet discipline before considering an upgrade.
In summary, Contango ORE, Inc. receives a Reduce rating with a composite score of 42.2/100 (rank #3251 of 7,333). Our quantitative framework assigns a No Moat (32/100, trend: stable), Medium uncertainty, and Poor capital allocation. The average factor score across quality, value, momentum, stability, and investment is 41/100.
Our analysis does not support a constructive view on Contango ORE, Inc. at this time. The combination of limited competitive advantages, medium uncertainty, and poor capital allocation suggests unfavorable risk-reward at current levels. We recommend investors avoid new positions and existing holders consider reducing exposure.
Analysis derived from Blank Capital Research quantitative terminal. For informational purposes only. No trade solicitation. Past performance not indicative of future results. Consult a qualified advisor.
We do not assign Contango ORE, Inc. a meaningful economic moat, scoring 32/100 on our composite assessment. Current fundamentals do not demonstrate the kind of durable competitive advantages — such as superior returns on invested capital, margin superiority, or reinvestment efficiency — that would protect the company from competitive erosion over the long term. The highest-scoring pillar, financial resilience, reached only 15.6/20.
The strongest moat sources are financial resilience (15.6/20) and margin superiority (10/20). Interest coverage 14.5x, Net debt/EBITDA -2.6x. GM N/A vs sector 43%, OM N/A vs sector 12%. These pillars form the core of Contango ORE, Inc.'s competitive identity and are the primary drivers of excess returns in our framework.
Areas of relative weakness include reinvestment efficiency (0/20) and economic value creation (2.5/20). Capital turnover N/A. Improvement in these areas could meaningfully widen the moat over time, while deterioration would be an early warning of competitive erosion.
Our moat trend assessment is Stable. Multi-year ROIC and operating margin trajectories show neither meaningful improvement nor deterioration, suggesting the competitive position is steady. We expect Contango ORE, Inc.'s moat profile to remain largely unchanged absent a material shift in return on capital or industry dynamics.
Key profit drivers are not clearly identifiable from current fundamentals. This may reflect a company in transition, a cyclical downturn, or structural challenges in the business model. We assign a quality factor of 27/100 which further underscores our concern regarding earnings sustainability.
Return metrics include ROE of -45.5% and ROA of -10.0%. Relative to the Mining sector, sector comparison data is limited, and ROE of -45.5% compares to a sector median of 4.0%.
The balance sheet reflects above-average leverage with D/E of 88%. The sector median D/E is 0%, putting Contango ORE, Inc. at higher leverage than the typical peer. Overall balance sheet health is adequate for the current business environment.
Above 50MA
37.18%
Net New Highs
+51081
Monteverde & Associates PC, a class action securities firm, is investigating four merger transactions: Two Harbors Investment Corp.'s sale to UWM Holdings, Heritage Commerce Corp.'s sale to CVB Financial Corp., Contango Ore's merger with Dolly Varden Silver Corporation, and Cayson Acquisition Corp.'s merger with Mango Financial Group. Shareholder votes are scheduled between March 16-26, 2026. The firm invites shareholders to contact them for free consultation regarding potential concerns with these deals.
Gold prices remain strong at $4,200 per ounce, driven by international market trends and physical buying. Major financial institutions forecast gold could reach $4,800 by 2026, with several mining companies reporting significant exploration and merger activities.
Contango ORE, Inc. ("Contango" or the "Company") (NYSE American: CTGO) is pleased to announce that it has filed its definitive proxy statement dated February 13, 2026 (the "Proxy Statement") and related documents (collectively, the "Meeting Materials") with the Securities and Exchange Commission in connection with its upcoming special meeting (the "Meeting") of the Contango Stockholders to consider and vote on a proposal to approve the previously announced plan of arrangement (the "Arrangement")
Contango ORE, Inc. ("Contango" or the "Company") (NYSE American: CTGO) is pleased to provide an update on Johnson Tract permitting, Manh Choh operations and hedge contract settlements.
Dolly Varden Silver Corporation recently reported 2025 drilling results from the Wolf Vein at its 100% owned Kitsault Valley Silver and Gold Project, intersecting high-grade silver mineralization over multi-meter intervals and confirming a structurally controlled epithermal vein system. A key outcome was the discovery of Torbrit-style mineralization across the Central Valley Fault, hinting at additional shallow silver potential and a strengthening precious and base metal system at depth. We...