Amerigo Resources (ARREF) Receives Consensus Recommendation of “Strong Buy” from Analysts

Amerigo Resources (NASDAQ:ARREF) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokerages have set a twelve-month consensus price objective of $0.90 for the company and are forecasting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also given Amerigo Resources an industry rank of 196 out of 265 based on the ratings given to its competitors.

Several analysts recently issued reports on ARREF shares. Roth Capital set a $1.00 target price on Amerigo Resources and gave the stock a “buy” rating in a research report on Saturday, February 25th. Zacks Investment Research upgraded Amerigo Resources from a “hold” rating to a “buy” rating and set a $0.50 target price for the company in a research report on Tuesday, February 14th.

Shares of Amerigo Resources (NASDAQ:ARREF) remained flat at $0.45 on Thursday. The stock had a trading volume of 10,340 shares. Amerigo Resources has a 12-month low of $0.10 and a 12-month high of $0.63. The firm has a 50 day moving average of $0.46 and a 200-day moving average of $0.36. The stock’s market capitalization is $78.95 million.

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