Amerigo Resources (ARREF) Downgraded to “Sell” at Zacks Investment Research

Amerigo Resources (OTCMKTS:ARREF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

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

Amerigo Resources (OTCMKTS ARREF) traded up $0.02 during trading on Wednesday, hitting $0.86. 353,497 shares of the stock were exchanged, compared to its average volume of 285,578. Amerigo Resources has a fifty-two week low of $0.28 and a fifty-two week high of $1.09. The stock has a market capitalization of $149.67, a price-to-earnings ratio of 21.40 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.

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