Amerigo Resources (OTCMKTS:ARREF) Announces Earnings Results

Amerigo Resources (OTCMKTS:ARREF) announced its quarterly earnings data 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 return on equity of 50.64% and a net margin of 20.87%.The firm had revenue of $77.37 million during the quarter, compared to the consensus estimate of $73.20 million.

Amerigo Resources Trading Down 1.1%

Shares of OTCMKTS:ARREF traded down $0.05 during midday trading on Friday, reaching $4.65. The company had a trading volume of 57,050 shares, compared to its average volume of 181,631. The stock has a market cap of $750.72 million, a P/E ratio of 13.68 and a beta of 1.60. The company’s 50 day moving average price is $4.79 and its 200 day moving average price is $4.42. Amerigo Resources has a 52-week low of $1.45 and a 52-week high of $5.65.

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.