Amerigo Resources Ltd. (OTCMKTS:ARREF – Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $5.04, but opened at $5.3450. Amerigo Resources shares last traded at $5.01, with a volume of 29,404 shares traded.
Amerigo Resources Stock Up 0.6%
The firm has a 50 day moving average price of $4.72 and a 200 day moving average price of $4.32. The stock has a market cap of $818.57 million, a PE ratio of 18.11 and a beta of 1.60.
Amerigo Resources (OTCMKTS:ARREF – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates 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.
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.
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