Amerigo Resources (OTCMKTS:ARREF) Stock Rating Upgraded by ValuEngine

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ValuEngine upgraded shares of Amerigo Resources (OTCMKTS:ARREF) from a sell rating to a hold rating in a report published on Thursday, ValuEngine reports.

Separately, Zacks Investment Research lowered Amerigo Resources from a hold rating to a sell rating in a research note on Friday, July 19th.

Shares of OTCMKTS:ARREF opened at $0.58 on Thursday. The stock’s 50-day moving average price is $0.49 and its two-hundred day moving average price is $0.54. The company has a current ratio of 0.42, a quick ratio of 0.21 and a debt-to-equity ratio of 0.38. Amerigo Resources has a 12-month low of $0.39 and a 12-month high of $0.92. The firm has a market cap of $98.21 million, a price-to-earnings ratio of 7.25 and a beta of 1.70.

Amerigo Resources (OTCMKTS:ARREF) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). Amerigo Resources had a positive return on equity of 2.61% and a negative net margin of 1.17%. The business had revenue of $22.69 million during the quarter, compared to analyst estimates of $30.20 million.

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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