Amerigo Resources (ARREF) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Amerigo Resources (OTCMKTS:ARREF) from a strong-buy rating to a hold rating in a report published on Friday.

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. “

Separately, ValuEngine raised shares of Amerigo Resources from a sell rating to a hold rating in a research report on Tuesday, October 16th.

Amerigo Resources stock traded down $0.02 during midday trading on Friday, hitting $0.69. 95,530 shares of the stock were exchanged, compared to its average volume of 61,501. Amerigo Resources has a 1 year low of $0.51 and a 1 year high of $1.09. The company has a market capitalization of $125.85 million, a price-to-earnings ratio of 17.17 and a beta of 1.52. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.80 and a quick ratio of 0.62.

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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