Amerigo Resources (OTCMKTS:ARREF) Hits New 12-Month High – Still a Buy?

Amerigo Resources Ltd. (OTCMKTS:ARREF) reached a new 52-week high during trading on Friday . The company traded as high as $4.8950 and last traded at $4.8855, with a volume of 27601 shares changing hands. The stock had previously closed at $4.74.

Amerigo Resources Stock Performance

The stock’s 50-day moving average is $4.06 and its 200 day moving average is $3.31. The stock has a market capitalization of $785.76 million, a PE ratio of 23.14 and a beta of 1.63.

Amerigo Resources (OTCMKTS:ARREF) last posted its earnings results on Wednesday, February 25th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04. Amerigo Resources had a net margin of 15.57% and a return on equity of 33.00%. The firm had revenue of $79.80 million for the quarter, compared to the consensus estimate of $70.20 million. Analysts expect that Amerigo Resources Ltd. will post 0.14 earnings per share for the current year.

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.