Amerigo Resources (OTCMKTS:ARREF) Sets New 52-Week High - Here's What Happened

Key Points

• Amerigo Resources (OTCMKTS:ARREF) hit a new 52-week high, trading as high as $4.8950 and last at $4.8855 on volume of 27,601 shares, about a 2.5% intraday gain.
• The company beat expectations with quarterly results of $0.10 EPS versus $0.06 expected and $79.8M in revenue versus $70.2M expected, posting a 15.6% net margin and 33% return on equity.
• Amerigo’s core asset is the Minera Valle Central JV with Codelco in Chile, which recovers copper from tailings to produce a lower‑impact, cost‑effective source of high‑grade copper.

Amerigo Resources Ltd. (OTCMKTS:ARREF - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $4.8950 and last traded at $4.8855, with a volume of 27601 shares trading hands. The stock had previously closed at $4.74.

Amerigo Resources Trading Up 2.5%

The company's 50 day moving average price is $4.04 and its 200-day moving average price is $3.28. The company has a market capitalization of $785.76 million, a PE ratio of 23.14 and a beta of 1.63.

Amerigo Resources (OTCMKTS:ARREF - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.04. Amerigo Resources had a net margin of 15.57% and a return on equity of 33.00%. The company had revenue of $79.80 million during the quarter, compared to analysts' expectations of $70.20 million. As a group, analysts predict that Amerigo Resources Ltd. will post 0.14 earnings per share for the current year.

Amerigo Resources Company Profile

Amerigo Resources Ltd. is a Canada-based mineral resource development company focused on copper deposits in Chile. Its primary asset, the Minera Valle Central (MVC) project, recovers copper from tailings produced by Codelco’s Salvador Division and processes the material into copper concentrate. By leveraging existing plant infrastructure and water rights, Amerigo’s MVC operation delivers a lower-impact, cost-effective source of high-grade copper for global markets.

Amerigo holds the operating licence for MVC under a joint-venture framework with Codelco, Chile’s state-owned mining company.

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