Amerigo Resources (OTCMKTS:ARREF) Hits New 52-Week High – Still a Buy?

Amerigo Resources Ltd. (OTCMKTS:ARREF) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $6.40 and last traded at $6.39, with a volume of 22346 shares trading hands. The stock had previously closed at $6.12.

Amerigo Resources Price Performance

The firm has a market cap of $1.03 billion, a P/E ratio of 18.76 and a beta of 1.62. The stock’s 50 day moving average is $5.63 and its two-hundred day moving average is $4.82.

Amerigo Resources (OTCMKTS:ARREF) last posted its earnings results on Wednesday, July 29th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. The business 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 50.64% and a net margin of 20.87%.

About Amerigo Resources

Amerigo Resources Ltd. is a Vancouver-based copper producer focused on extracting copper and molybdenum from mine tailings in Chile. Through its subsidiary Minera Valle Central (MVC), the company processes both fresh and historical tailings generated by Codelco’s El Teniente copper mine.

MVC’s operations are located near Rancagua, in Chile’s O’Higgins Region. The facility recovers residual metals from tailings that would otherwise require long-term storage, producing copper concentrate and molybdenum concentrate for sale to international markets.

Amerigo was established in 2003 and has built its business around tailings-reprocessing technology and long-term arrangements connected to El Teniente.