Amerigo Resources (OTCMKTS:ARREF) Reaches New 1-Year High – Still a Buy?

Amerigo Resources Ltd. (OTCMKTS:ARREF)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $5.6580 and last traded at $5.64, with a volume of 160059 shares trading hands. The stock had previously closed at $5.41.

Amerigo Resources Stock Up 5.3%

The firm has a fifty day simple moving average of $4.85 and a 200-day simple moving average of $4.48. The company has a market capitalization of $968.70 million, a P/E ratio of 17.65 and a beta of 1.59.

Amerigo Resources (OTCMKTS:ARREF) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. Amerigo Resources had a return on equity of 50.64% and a net margin of 20.87%.The company had revenue of $77.37 million during the quarter, compared to analysts’ expectations of $73.20 million.

Amerigo Resources Company Profile

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.