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

Amerigo Resources Ltd. (OTCMKTS:ARREFGet Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $5.83, but opened at $6.28. Amerigo Resources shares last traded at $6.22, with a volume of 1,703 shares.

Amerigo Resources Stock Up 0.4%

The firm’s 50-day moving average price is $5.36 and its 200 day moving average price is $4.72. The company has a market capitalization of $999.56 million, a P/E ratio of 18.21 and a beta of 1.62.

Amerigo Resources (OTCMKTS:ARREFGet Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The firm had revenue of $77.37 million during the quarter, compared to analyst estimates of $73.20 million. Amerigo Resources had a return on equity of 50.64% and a net margin of 20.87%.

About Amerigo Resources

(Get Free Report)

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.

Further Reading

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.