Amerigo Resources (ARREF) Set to Announce Quarterly Earnings on Wednesday

Amerigo Resources (OTCMKTS:ARREF) will likely be announcing its results before the market opens on Wednesday, October 28th. Analysts expect the company to post earnings of $0.06 per share and revenue of $74.50 million for the quarter.

Amerigo Resources (OTCMKTS:ARREF) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Amerigo Resources had a net margin of 20.87% and a return on equity of 50.64%. The firm had revenue of $77.37 million for the quarter, compared to analysts’ expectations of $73.20 million.

Amerigo Resources Stock Performance

ARREF opened at $5.14 on Tuesday. The company has a fifty day moving average price of $5.92 and a two-hundred day moving average price of $4.85. Amerigo Resources has a 52 week low of $1.88 and a 52 week high of $6.46. The firm has a market capitalization of $830.37 million, a PE ratio of 15.12 and a beta of 1.62.

About Amerigo Resources

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.