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

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

Amerigo Resources Price Performance

Shares of TSE:ARG opened at C$1.68 on Wednesday. The stock has a market capitalization of C$278.81 million, a P/E ratio of 16.80, a P/E/G ratio of 0.32 and a beta of 3.11. The business has a 50-day moving average of C$1.65 and a two-hundred day moving average of C$1.66. Amerigo Resources has a fifty-two week low of C$1.22 and a fifty-two week high of C$2.05. 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 (TSE:ARG) last posted its earnings results on Wednesday, October 30th. The company reported C$0.02 earnings per share for the quarter. The firm had revenue of C$61.99 million during the quarter. Amerigo Resources had a return on equity of 10.75% and a net margin of 7.16%. On average, equities research analysts predict that Amerigo Resources will post 0.2850394 EPS for the current fiscal year.

About Amerigo Resources

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.