Amerigo Resources (OTCMKTS:ARREF) Reaches New 12-Month High – Still a Buy?

Shares of Amerigo Resources Ltd. (OTCMKTS:ARREF) hit a new 52-week high on Monday . The stock traded as high as $6.39 and last traded at $6.39, with a volume of 101145 shares trading hands. The stock had previously closed at $5.98.

Amerigo Resources Stock Up 4.0%

The company’s fifty day moving average price is $5.47 and its two-hundred day moving average price is $4.76. The firm has a market cap of $1.00 billion, a PE ratio of 18.29 and a beta of 1.62.

Amerigo Resources (OTCMKTS:ARREF) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.07 by $0.04. Amerigo Resources had a return on equity of 50.64% and a net margin of 20.87%.The business had revenue of $77.37 million during the quarter, compared to analysts’ expectations of $73.20 million.

Amerigo Resources Company Profile

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.