Amerigo Resources (TSE:ARG) Raised to Strong-Buy at Atrium Research

Amerigo Resources (TSE:ARG) was upgraded by equities research analysts at Atrium Research to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Amerigo Resources Stock Up 3.1 %

Shares of ARG stock opened at C$1.68 on Wednesday. The stock’s fifty day moving average price is C$1.65 and its 200 day moving average price is C$1.66. The company has a debt-to-equity ratio of 12.87, a current ratio of 0.97 and a quick ratio of 0.91. Amerigo Resources has a 1-year low of C$1.22 and a 1-year high of C$2.05. The company has a market cap of C$278.81 million, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 0.32 and a beta of 3.11.

Amerigo Resources (TSE:ARG) last issued its quarterly earnings results on Wednesday, October 30th. The company reported C$0.02 earnings per share for the quarter. The business had revenue of C$61.99 million for the quarter. Amerigo Resources had a return on equity of 10.75% and a net margin of 7.16%. On average, research analysts expect that Amerigo Resources will post 0.2850394 earnings per share for the current fiscal year.

Amerigo Resources Company Profile

Amerigo Resources Ltd., through its subsidiary, Minera Valle Central SA, engages in the production and sale of 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.