Contango ORE, Inc. (CTGO) Hits Fresh High: Is There Still Room to Run?

Company Performance - Contango ORE, Inc. (CTGO) has seen a significant increase in its stock price, rising 14.2% over the past month and reaching a new 52-week high of $25.88 [1] - The stock has gained 143.8% since the beginning of the year, outperforming the Zacks Basic Materials sector's 24.9% increase and the Zacks Mining - Miscellaneous industry's 28.8% return [1] Earnings and Surprises - The company has a strong record of positive earnings surprises, having met or exceeded earnings consensus estimates in the last four quarters [2] - In the latest earnings report on August 13, 2025, Contango ORE, Inc. reported an EPS of $1.24, significantly above the consensus estimate of -$0.01 [2] Valuation Metrics - The stock currently trades at a valuation of 36.5X current fiscal year EPS estimates, which is a premium compared to the peer industry average of 18.7X [5] - Despite its high valuation, the company has a Value Score of C, a Growth Score of B, and a Momentum Score of A, resulting in a combined VGM Score of A [5] Zacks Rank - Contango ORE, Inc. holds a Zacks Rank of 1 (Strong Buy) due to rising earnings estimates, indicating strong potential for future performance [6] - The recommendation is for investors to consider stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B, which applies to Contango ORE, Inc. [6] Industry Comparison - The Mining - Miscellaneous industry ranks in the bottom 59% of all industries, but there are still positive tailwinds for both Contango ORE, Inc. and its peer, Materion Corporation (MTRN) [9] - Materion Corporation has a Zacks Rank of 2 (Buy) and has shown strong earnings performance, beating consensus estimates by 16.10% in the last quarter [8]