Amerigo Resources (OTCMKTS:ARREF) Cut to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Amerigo Resources (OTCMKTS:ARREF) from a strong-buy rating to a hold rating in a research report report published on Tuesday, January 9th.

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 lowered Amerigo Resources from a buy rating to a hold rating in a research report on Friday, December 1st.

Amerigo Resources (OTCMKTS ARREF) traded down $0.05 during midday trading on Tuesday, hitting $0.86. The company had a trading volume of 270,935 shares, compared to its average volume of 272,386. The firm has a market cap of $160.29, a P/E ratio of 21.58 and a beta of 2.32. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.71 and a current ratio of 0.90. Amerigo Resources has a 12 month low of $0.28 and a 12 month high of $1.09.

Amerigo Resources (OTCMKTS:ARREF) last announced its earnings results on Wednesday, November 8th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.03. Amerigo Resources had a return on equity of 8.85% and a net margin of 6.23%. equities research analysts anticipate that Amerigo Resources will post 0.06 EPS for the current year.

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About Amerigo Resources

Amerigo Resources Ltd., through its subsidiary, Minera Valle Central SA, produces and sells copper and molybdenum concentrates 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. was founded in 1984 and is headquartered in Vancouver, Canada.

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