Amerigo Resources (OTCMKTS:ARREF – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.06 by $0.08, Zacks reports. The firm had revenue of $84.62 million during the quarter, compared to analyst estimates of $74.50 million. Amerigo Resources had a net margin of 23.89% and a return on equity of 63.48%.
Amerigo Resources Trading Down 0.7%
Shares of OTCMKTS:ARREF opened at $5.49 on Friday. Amerigo Resources has a 12-month low of $2.10 and a 12-month high of $6.46. The business has a 50 day moving average of $5.92 and a two-hundred day moving average of $4.87. The company has a market capitalization of $886.93 million, a PE ratio of 12.48 and a beta of 1.62.
Amerigo Resources Company Profile
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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