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) 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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