Amerigo Resources (ARREF) Expected to Announce Earnings on Wednesday

Amerigo Resources (OTCMKTS:ARREF) is expected to release its results before the market opens on Wednesday, April 29th. Analysts expect Amerigo Resources to post earnings of $0.07 per share and revenue of $46.00 million for the quarter.

Amerigo Resources (OTCMKTS:ARREF) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.04. The firm had revenue of $79.80 million during the quarter, compared to analysts’ expectations of $70.20 million. Amerigo Resources had a return on equity of 33.00% and a net margin of 15.57%.

Amerigo Resources Price Performance

Shares of Amerigo Resources stock traded down $0.21 during trading on Tuesday, hitting $4.31. 44,324 shares of the company were exchanged, compared to its average volume of 215,309. The firm has a market capitalization of $696.19 million, a P/E ratio of 20.51 and a beta of 1.63. Amerigo Resources has a 1-year low of $1.22 and a 1-year high of $5.01. The firm’s fifty day moving average price is $4.11 and its 200 day moving average price is $3.43.

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.