Amerigo Resources (OTCMKTS:ARREF – Get Free Report) issued its earnings results on Wednesday. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04, Zacks reports. Amerigo Resources had a net margin of 18.78% and a return on equity of 42.15%.
Amerigo Resources Stock Down 1.0%
Shares of ARREF traded down $0.05 during mid-day trading on Wednesday, hitting $5.03. 17,550 shares of the company’s stock were exchanged, compared to its average volume of 181,913. The firm has a market cap of $812.25 million, a price-to-earnings ratio of 17.97 and a beta of 1.60. Amerigo Resources has a 52 week low of $1.45 and a 52 week high of $5.65. The stock’s 50-day simple moving average is $4.79 and its 200-day simple moving average is $4.41.
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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