Amerigo Resources (OTCMKTS:ARREF – Get Free Report) posted its earnings results on Wednesday. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02, Zacks reports. The company had revenue of $66.17 million during the quarter, compared to analysts’ expectations of $46.00 million. Amerigo Resources had a return on equity of 33.00% and a net margin of 15.57%.
Amerigo Resources Stock Down 3.8%
ARREF stock opened at $4.16 on Thursday. The business has a fifty day moving average of $4.12 and a two-hundred day moving average of $3.45. The stock has a market cap of $672.59 million, a price-to-earnings ratio of 19.81 and a beta of 1.63. Amerigo Resources has a 52-week low of $1.22 and a 52-week high of $5.01.
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.
Recommended Stories
Receive News & Ratings for Amerigo Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amerigo Resources and related companies with MarketBeat.com's FREE daily email newsletter.
