Shares of Amerigo Resources Ltd. (OTCMKTS:ARREF – Get Free Report) gapped down before the market opened on Friday. The stock had previously closed at $5.49, but opened at $5.00. Amerigo Resources shares last traded at $5.07, with a volume of 8,464 shares.
Amerigo Resources Stock Up 0.5%
The stock has a market capitalization of $816.80 million, a PE ratio of 14.87 and a beta of 1.62. The business’s fifty day moving average is $5.94 and its 200-day moving average is $5.19.
Amerigo Resources (OTCMKTS:ARREF – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The firm had revenue of $77.37 million during the quarter, compared to analysts’ expectations of $73.20 million. Amerigo Resources had a net margin of 20.87% and a return on equity of 50.64%.
About Amerigo Resources
Amerigo Resources Ltd. is a Canadian mining company focused on the production of copper and molybdenum. Through its Chilean subsidiary, Minera Valle Central (MVC), the company recovers these metals from fresh and historical tailings generated by Codelco’s El Teniente underground copper mine.
MVC operates near Rancagua, in Chile’s O’Higgins Region, and uses mineral-processing facilities to reprocess tailings and extract additional copper and molybdenum. This approach allows Amerigo to produce metals from previously mined material rather than operating a conventional greenfield mine.
Amerigo acquired its interest in MVC in 2003 and has expanded and improved the operation over time.
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