Amerigo Resources (ARREF) Projected to Release Quarterly Earnings on Wednesday

Amerigo Resources (OTCMKTS:ARREF – Get Free Report) is expected to be posting its results before the market opens on Wednesday, October 28th. Analysts expect Amerigo Resources to announce earnings of $0.06 per share and revenue of $74.50 million for the quarter.

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

Amerigo Resources Price Performance

Shares of ARREF stock opened at $5.02 on Monday. Amerigo Resources has a 12-month low of $1.88 and a 12-month high of $6.46. The firm has a market capitalization of $810.98 million, a price-to-earnings ratio of 14.76 and a beta of 1.62. The firm has a fifty day moving average of $5.93 and a 200-day moving average of $5.19.

About Amerigo Resources

(Get Free Report)

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.

Further Reading

Earnings History for Amerigo Resources (OTCMKTS:ARREF)

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