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

Amerigo Resources Ltd. (OTCMKTS:ARREFGet Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $6.38 and last traded at $5.70, with a volume of 5917 shares trading hands. The stock had previously closed at $5.75.

Amerigo Resources Stock Performance

The company has a market cap of $931.74 million, a price-to-earnings ratio of 16.97 and a beta of 1.62. The company’s 50 day moving average price is $5.26 and its 200 day moving average price is $4.68.

Amerigo Resources (OTCMKTS:ARREFGet Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. The business had revenue of $77.37 million during the quarter, compared to analyst estimates of $73.20 million. Amerigo Resources had a net margin of 20.87% and a return on equity of 50.64%.

Amerigo Resources Company Profile

(Get Free Report)

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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