Amerigo Resources (OTCMKTS:ARREF – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.06 by $0.08, Zacks reports. Amerigo Resources had a net margin of 20.87% and a return on equity of 50.64%. The company had revenue of $84.62 million during the quarter, compared to analysts’ expectations of $74.50 million.
Amerigo Resources Stock Performance
Shares of ARREF stock opened at $5.64 on Thursday. Amerigo Resources has a 1 year low of $2.08 and a 1 year high of $6.46. The firm has a market cap of $911.14 million, a price-to-earnings ratio of 16.59 and a beta of 1.62. The stock’s 50-day moving average is $5.92 and its two-hundred day moving average is $4.86.
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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