Amerigo Resources (ARREF) Cut to “Strong Sell” at ValuEngine

ValuEngine downgraded shares of Amerigo Resources (OTCMKTS:ARREF) from a sell rating to a strong sell rating in a report released on Wednesday.

Separately, Zacks Investment Research raised shares of Amerigo Resources from a hold rating to a buy rating and set a $0.75 target price for the company in a research report on Tuesday, August 7th.

Amerigo Resources stock opened at $0.59 on Wednesday. The company has a market capitalization of $113.44 million, a PE ratio of 14.75 and a beta of 2.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.91 and a quick ratio of 0.76. Amerigo Resources has a 1 year low of $0.51 and a 1 year high of $1.09.

Amerigo Resources (OTCMKTS:ARREF) last released its earnings results on Tuesday, July 31st. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The business had revenue of $33.00 million during the quarter, compared to the consensus estimate of $31.40 million. Amerigo Resources had a net margin of 10.54% and a return on equity of 15.42%. sell-side analysts predict that Amerigo Resources will post 0.09 EPS for the current fiscal year.

Amerigo Resources Company Profile

Amerigo Resources Ltd., through its subsidiary, produces and sells copper and molybdenum concentrates from Codelco's El Teniente underground mine in Chile. The company was formerly known as Golden Temple Mining Corp. and changed its name to Amerigo Resources Ltd. in March 2002. Amerigo Resources Ltd.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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