Amerigo Resources (OTCMKTS:ARREF) Lifted to Hold at ValuEngine

Amerigo Resources (OTCMKTS:ARREF) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, ValuEngine reports.

Separately, Zacks Investment Research raised shares of Fulton Financial from a “sell” rating to a “hold” rating in a report on Friday.

Shares of Amerigo Resources stock traded up $0.05 during trading on Friday, hitting $0.58. 71,200 shares of the company’s stock were exchanged, compared to its average volume of 58,742. The company has a quick ratio of 0.50, a current ratio of 0.74 and a debt-to-equity ratio of 0.46. The firm’s 50-day simple moving average is $0.51. Amerigo Resources has a 52-week low of $0.45 and a 52-week high of $0.92. The company has a market cap of $104.66 million, a PE ratio of 7.29 and a beta of 1.65.

Amerigo Resources (OTCMKTS:ARREF) last issued its earnings results on Wednesday, May 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). Amerigo Resources had a net margin of 6.03% and a return on equity of 11.36%. The firm had revenue of $27.74 million during the quarter, compared to analysts’ expectations of $27.90 million. Sell-side analysts forecast that Amerigo Resources will post 0.15 EPS for the current 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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