Amerigo Resources (OTCMKTS:ARREF) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Amerigo Resources (OTCMKTS:ARREF) announced its quarterly earnings results on Wednesday. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04, Zacks reports. Amerigo Resources had a net margin of 10.39% and a return on equity of 19.68%.

Amerigo Resources Stock Performance

OTCMKTS:ARREF traded up $0.06 during mid-day trading on Wednesday, hitting $4.65. 120,237 shares of the stock were exchanged, compared to its average volume of 282,471. The firm’s 50-day simple moving average is $3.88 and its 200 day simple moving average is $2.70. The stock has a market capitalization of $748.19 million, a price-to-earnings ratio of 35.77 and a beta of 1.56. Amerigo Resources has a fifty-two week low of $1.11 and a fifty-two week high of $4.87.

About Amerigo Resources

Amerigo Resources Ltd. is a Canada-based mineral resource development company focused on copper deposits in Chile. Its primary asset, the Minera Valle Central (MVC) project, recovers copper from tailings produced by Codelco’s Salvador Division and processes the material into copper concentrate. By leveraging existing plant infrastructure and water rights, Amerigo’s MVC operation delivers a lower-impact, cost-effective source of high-grade copper for global markets.

Amerigo holds the operating licence for MVC under a joint-venture framework with Codelco, Chile’s state-owned mining company.