Amerigo Resources Gets a Buy Rating from Roth Capital

By Ryan Adsit

The Materials sector company, Amerigo Resources (TSX: ARG), has received a rating update from a Wall Street analyst today. Roth Capital’s analyst Joseph Reagor reiterates their Buy rating on the shares, with a C$0.90 price target.

According to TipRanks.com, Reagor is a 3-star analyst with an average return of 2.2% and a 37.5% success rate. Reagor covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Gold Standard Ventures Corp, and Superior Drilling Products.

Amerigo Resources has an analyst consensus of Moderate Buy, with a price target consensus of C$0.90.

Amerigo Resources’ market cap is currently C$112.3M and has a P/E ratio of 0.

Amerigo Resources Ltd. is a exploration company producing copper and production of molybdenum concentrates as a by-product. The company’s subsidiary, Minera Valle Central, S.A. is a state-owned copper producer, to process copper tailings discharged from the concentrators used in connection with the El Teniente mine in Chile.

The company’s shares closed on Monday at C$0.67.