Amerigo Resources (OTCMKTS:ARREF) Hits New 52-Week High – Still a Buy?

Amerigo Resources Ltd. (OTCMKTS:ARREF) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $6.40 and last traded at $6.39, with a volume of 22346 shares changing hands. The stock had previously closed at $6.12.

Amerigo Resources Price Performance

The stock has a market capitalization of $1.03 billion, a P/E ratio of 18.76 and a beta of 1.62. The business’s 50 day simple moving average is $5.63 and its 200-day simple moving average is $4.82.

Amerigo Resources (OTCMKTS:ARREF) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. The business had revenue of $77.37 million during the quarter, compared to the consensus estimate of $73.20 million. Amerigo Resources had a return on equity of 50.64% and a net margin of 20.87%.

Amerigo Resources Company Profile

Amerigo Resources Ltd. is a Vancouver-based copper producer focused on extracting copper and molybdenum from mine tailings in Chile. Through its subsidiary Minera Valle Central (MVC), the company processes both fresh and historical tailings generated by Codelco’s El Teniente copper mine.

MVC’s operations are located near Rancagua, in Chile’s O’Higgins Region. The facility recovers residual metals from tailings that would otherwise require long-term storage, producing copper concentrate and molybdenum concentrate for sale to international markets.

Amerigo was established in 2003 and has built its business around tailings-reprocessing technology and long-term arrangements connected to El Teniente.