Amerigo Resources (ARREF) Stock Rating Lowered by ValuEngine

Amerigo Resources (OTCMKTS:ARREF) was downgraded by equities researchers at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Wednesday.

Separately, Zacks Investment Research upgraded Amerigo Resources from a “hold” rating to a “buy” rating and set a $0.75 target price for the company in a research note on Tuesday, August 7th.

Shares of OTCMKTS ARREF opened at $0.61 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.91 and a quick ratio of 0.76. The firm has a market capitalization of $113.44 million, a P/E ratio of 15.25 and a beta of 2.17. Amerigo Resources has a one year low of $0.51 and a one year high of $1.09.

Amerigo Resources (OTCMKTS:ARREF) last issued its earnings results on Tuesday, July 31st. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The business had revenue of $33.00 million during the quarter, compared to analyst estimates of $31.40 million. Amerigo Resources had a return on equity of 15.42% and a net margin of 10.54%. equities analysts anticipate that Amerigo Resources will post 0.09 EPS for the current year.

Amerigo Resources Company Profile

Amerigo Resources Ltd., through its subsidiary, produces and sells copper and molybdenum concentrates from Codelco's El Teniente underground mine in Chile. The company was formerly known as Golden Temple Mining Corp. and changed its name to Amerigo Resources Ltd. in March 2002. Amerigo Resources Ltd.

Read More: What are the Different Types of Leveraged Buyouts?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Amerigo Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amerigo Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply