Zacks Investment Research upgraded shares of Amerigo Resources Ltd. (OTCMKTS:ARREF) from a sell rating to a hold rating in a report issued on Monday. They currently have $0.75 target price on the stock.

According to Zacks, “Amerigo Resources Ltd., through its subsidiary, is engaged in producing and selling copper and molybdenum concentrates primarily in Chile. Amerigo Resources Ltd. is headquartered in Vancouver, Canada. “

Shares of Amerigo Resources (ARREF) opened at $0.63 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.56 and a current ratio of 0.74. Amerigo Resources has a 12-month low of $0.18 and a 12-month high of $0.70. The company has a market capitalization of $111.08, a P/E ratio of 15.76 and a beta of 2.25.

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