Amerigo Resources (ARREF) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Amerigo Resources (OTCMKTS:ARREF) from a buy rating to a hold rating in a research note published on Friday morning, Zacks.com reports.

According to Zacks, “Amerigo Resources Ltd., through its subsidiary, is engaged in producing and selling copper and molybdenum concentrates primarily in Chile. Amerigo Resources Ltd. is headquartered in Vancouver, Canada. “

Separately, ValuEngine downgraded Amerigo Resources from a hold rating to a sell rating in a report on Monday, March 11th.

Shares of OTCMKTS:ARREF opened at $0.72 on Friday. Amerigo Resources has a 1-year low of $0.51 and a 1-year high of $0.92. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The firm has a market cap of $130.61 million, a PE ratio of 9.03 and a beta of 1.55.

Amerigo Resources (OTCMKTS:ARREF) last issued its quarterly earnings results on Thursday, February 21st. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). Amerigo Resources had a net margin of 7.67% and a return on equity of 14.11%. The company had revenue of $37.58 million for the quarter, compared to the consensus estimate of $42.50 million. On average, sell-side analysts predict that Amerigo Resources will post 0.18 EPS for the current fiscal year.

Amerigo Resources Company Profile

Amerigo Resources Ltd., through its subsidiary, Minera Valle Central SA, 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.

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