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

Zacks Investment Research cut shares of Amerigo Resources (OTCMKTS:ARREF) from a strong-buy rating to a hold rating in a report issued 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 report on Friday, December 1st.

Shares of Amerigo Resources (OTCMKTS:ARREF) traded down $0.06 during trading on Tuesday, hitting $0.79. The stock had a trading volume of 158,849 shares, compared to its average volume of 279,820. Amerigo Resources has a fifty-two week low of $0.28 and a fifty-two week high of $1.09. The firm has a market cap of $139.34, a PE ratio of 19.75 and a beta of 2.18. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.90 and a quick ratio of 0.71.

Amerigo Resources (OTCMKTS:ARREF) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. Amerigo Resources had a return on equity of 8.85% and a net margin of 6.23%. research analysts forecast that Amerigo Resources will post 0.05 EPS for the current year.

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Amerigo Resources Company Profile

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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