Amerigo Resources (ARREF) Projected to Post Quarterly Earnings on Wednesday

Amerigo Resources (OTCMKTS:ARREF) is anticipated to issue its results before the market opens on Wednesday, July 29th. Analysts expect Amerigo Resources to post earnings of $0.07 per share and revenue of $73.20 million for the quarter.

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

Amerigo Resources Stock Up 6.5%

Shares of ARREF opened at $5.39 on Wednesday. Amerigo Resources has a 12-month low of $1.45 and a 12-month high of $5.58. The business’s fifty day moving average is $4.74 and its 200 day moving average is $4.34. The stock has a market cap of $870.19 million, a P/E ratio of 19.25 and a beta of 1.60.

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.