Amerigo Resources (OTCMKTS:ARREF – Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02, Zacks reports. Amerigo Resources had a return on equity of 43.16% and a net margin of 18.78%.The business had revenue of $66.17 million for the quarter, compared to analysts’ expectations of $56.80 million.
Amerigo Resources Stock Performance
Amerigo Resources stock traded up $0.17 during midday trading on Friday, reaching $4.40. The stock had a trading volume of 8,725 shares, compared to its average volume of 210,205. The firm’s fifty day simple moving average is $4.12 and its 200-day simple moving average is $3.46. Amerigo Resources has a 1-year low of $1.22 and a 1-year high of $5.01. The stock has a market capitalization of $711.39 million, a P/E ratio of 15.71 and a beta of 1.63.
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.
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