Zacks Investment Research cut shares of Amerigo Resources (OTCMKTS:ARREF) from a buy rating to a hold rating in a research note published on Friday, Zacks.com reports.

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 hold rating to a sell rating in a research report on Thursday, January 24th.

ARREF stock opened at $0.72 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.56. Amerigo Resources has a 1 year low of $0.51 and a 1 year high of $0.92. The firm has a market capitalization of $128.09 million, a P/E ratio of 9.01 and a beta of 1.55.

Amerigo Resources (OTCMKTS:ARREF) last released its quarterly earnings data on Thursday, February 21st. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). Amerigo Resources had a net margin of 7.67% and a return on equity of 14.11%. The business had revenue of $37.58 million during the quarter, compared to analyst estimates of $42.50 million. Equities analysts forecast that Amerigo Resources will post 0.18 earnings per share 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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