Amerigo Resources Ltd. (OTCMKTS:ARREF – Get Free Report)’s share price gapped down before the market opened on Thursday. The stock had previously closed at $6.31, but opened at $5.90. Amerigo Resources shares last traded at $5.6852, with a volume of 24,607 shares trading hands.
Amerigo Resources Stock Down 2.9%
The business has a fifty day moving average of $5.96 and a 200 day moving average of $5.10. The firm has a market cap of $937.01 million, a P/E ratio of 17.06 and a beta of 1.62.
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 company had revenue of $77.37 million for 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 in Chile. Rather than operating a conventional mine, the company recovers metals from fresh and historical tailings generated by Codelco’s El Teniente copper mine, one of the world’s largest underground copper operations.
Amerigo’s primary operating asset is Minera Valle Central (MVC), located near Rancagua, Chile. MVC processes mine tailings to produce copper concentrate and molybdenum concentrate, using mineral-processing and recovery facilities designed to extract additional value from material that has already been mined.
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