Amerigo Resources (ARREF) Downgraded by Zacks Investment Research to “Hold”

Amerigo Resources (OTCMKTS:ARREF) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday.

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 cut shares of Amerigo Resources from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

Amerigo Resources (ARREF) traded down $0.13 during mid-day trading on Tuesday, hitting $0.92. 537,596 shares of the company’s stock were exchanged, compared to its average volume of 160,976. Amerigo Resources has a 12-month low of $0.27 and a 12-month high of $1.08. The stock has a market capitalization of $181.63, a PE ratio of 22.88 and a beta of 2.32. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.90 and a quick ratio of 0.71.

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