Zacks Investment Research Downgrades Amerigo Resources (ARREF) to Hold

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Zacks Investment Research cut shares of Amerigo Resources (OTCMKTS:ARREF) from a buy rating to a hold rating in a research report released on Friday morning, Zacks.com reports.

According to Zacks, “Amerigo Resources Ltd., through its subsidiary, is engaged in producing and selling copper and molybdenum concentrates primarily in Chile. Amerigo Resources Ltd. is headquartered in Vancouver, Canada. “

Separately, ValuEngine lowered shares of Amerigo Resources from a hold rating to a sell rating in a research report on Monday, March 11th.

Shares of Amerigo Resources stock opened at $0.72 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.39. The stock has a market cap of $128.09 million, a price-to-earnings ratio of 9.01 and a beta of 1.55. Amerigo Resources has a 1-year low of $0.51 and a 1-year high of $0.92.

Amerigo Resources (OTCMKTS:ARREF) last issued its quarterly earnings data on Thursday, February 21st. The company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). The firm had revenue of $37.58 million for the quarter, compared to the consensus estimate of $42.50 million. Amerigo Resources had a return on equity of 14.11% and a net margin of 7.67%. As a group, equities analysts anticipate that Amerigo Resources will post 0.18 EPS for the current year.

About Amerigo Resources

Amerigo Resources Ltd., through its subsidiary, Minera Valle Central SA, produces and sells copper and molybdenum concentrates from Codelco's El Teniente underground mine in Chile. The company was formerly known as Golden Temple Mining Corp. and changed its name to Amerigo Resources Ltd. in March 2002.

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