Amerigo Resources Ltd. (OTCMKTS:ARREF – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $3.36, but opened at $3.7130. Amerigo Resources shares last traded at $3.6835, with a volume of 3,455 shares trading hands.
Amerigo Resources Price Performance
The company has a 50 day simple moving average of $4.08 and a 200-day simple moving average of $3.10. The stock has a market cap of $597.29 million, a P/E ratio of 17.67 and a beta of 1.54.
Amerigo Resources (OTCMKTS:ARREF – Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.06 by $0.04. The firm had revenue of $79.80 million for the quarter, compared to analyst estimates of $70.20 million. Amerigo Resources had a return on equity of 33.00% and a net margin of 15.57%. As a group, research analysts expect that Amerigo Resources Ltd. will post 0.14 earnings per share for the current year.
About Amerigo Resources
Amerigo Resources Ltd. is a Canada-based mineral resource development company focused on copper deposits in Chile. Its primary asset, the Minera Valle Central (MVC) project, recovers copper from tailings produced by Codelco’s Salvador Division and processes the material into copper concentrate. By leveraging existing plant infrastructure and water rights, Amerigo’s MVC operation delivers a lower-impact, cost-effective source of high-grade copper for global markets.
Amerigo holds the operating licence for MVC under a joint-venture framework with Codelco, Chile’s state-owned mining company.
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