Amerigo Resources (OTCMKTS:ARREF) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Amerigo Resources (OTCMKTS:ARREF) issued its earnings results on Wednesday. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04, Zacks reports. The company had revenue of $77.37 million during the quarter, compared to the consensus estimate of $73.20 million. Amerigo Resources had a return on equity of 42.15% and a net margin of 18.78%.

Amerigo Resources Stock Down 2.1%

ARREF traded down $0.10 during trading on Thursday, hitting $4.70. The company’s stock had a trading volume of 39,834 shares, compared to its average volume of 181,517. Amerigo Resources has a 12 month low of $1.45 and a 12 month high of $5.65. The firm’s 50 day moving average price is $4.79 and its two-hundred day moving average price is $4.42. The stock has a market capitalization of $758.98 million, a price-to-earnings ratio of 16.79 and a beta of 1.60.

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.