Amerigo Resources (OTCMKTS:ARREF) Hits New 1-Year High – Should You Buy?

Amerigo Resources Ltd. (OTCMKTS:ARREF) reached a new 52-week high during trading on Tuesday . The stock traded as high as $5.54 and last traded at $5.54, with a volume of 20641 shares changing hands. The stock had previously closed at $5.12.

Amerigo Resources Price Performance

The business’s 50-day simple moving average is $4.71 and its two-hundred day simple moving average is $4.29. The stock has a market capitalization of $867.79 million, a price-to-earnings ratio of 19.20 and a beta of 1.60.

Amerigo Resources (OTCMKTS:ARREF) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. Amerigo Resources had a net margin of 18.78% and a return on equity of 42.15%. The company had revenue of $66.17 million during the quarter, compared to analyst estimates of $56.80 million.

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.