Amerigo Resources (ARREF) Expected to Announce Earnings on Wednesday

Amerigo Resources (OTCMKTS:ARREF) will likely be announcing its results before the market opens on Wednesday, July 29th. Analysts expect Amerigo Resources to announce earnings of $0.07 per share and revenue of $73.20 million for the quarter.

Amerigo Resources (OTCMKTS:ARREF) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. Amerigo Resources had a return on equity of 42.15% and a net margin of 18.78%.The firm had revenue of $66.17 million during the quarter, compared to analysts’ expectations of $56.80 million.

Amerigo Resources Stock Performance

OTCMKTS ARREF opened at $5.39 on Monday. The business has a fifty day moving average price of $4.76 and a 200 day moving average price of $4.39. Amerigo Resources has a one year low of $1.45 and a one year high of $5.65. The company has a market cap of $870.22 million, a P/E ratio of 19.25 and a beta of 1.60.

Amerigo Resources Company Profile

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.