Amerigo Resources (OTCMKTS:ARREF) Shares Gap Up – Should You Buy?

Shares of Amerigo Resources Ltd. (OTCMKTS:ARREF) gapped up prior to trading on Tuesday. The stock had previously closed at $5.6006, but opened at $6.00. Amerigo Resources shares last traded at $5.83, with a volume of 2,399 shares traded.

Amerigo Resources Stock Up 2.7%

The company’s fifty day moving average price is $5.88 and its two-hundred day moving average price is $4.95. The firm has a market cap of $973.73 million, a PE ratio of 13.68 and a beta of 1.68.

Amerigo Resources (OTCMKTS:ARREF) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.08. The firm had revenue of $84.62 million during the quarter, compared to analysts’ expectations of $74.50 million. Amerigo Resources had a net margin of 23.89% and a return on equity of 63.48%.

About Amerigo Resources

Amerigo Resources Ltd. is a Canadian mining company focused on producing copper and molybdenum in Chile. Its principal asset is Minera Valle Central (MVC), a processing operation near Rancagua in central Chile. MVC recovers copper and molybdenum from fresh and historical tailings generated by Codelco’s El Teniente mine. By reprocessing this material, Amerigo produces metal concentrates from mine waste rather than operating a conventional mine. Amerigo is headquartered in Vancouver, British Columbia, and its business is centered on its Chilean operations.