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Amerigo Resources (ARREF) closed the most recent trading day at $1.38, moving -1.68% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 1.12%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq lost 2.04%.
The the stock of copper and molybdenum mining company has risen by 13.82% in the past month, leading the Basic Materials sector's gain of 1.19% and the S&P 500's loss of 2.91%.
Market participants will be closely following the financial results of Amerigo Resources in its upcoming release. The company's upcoming EPS is projected at $0.04, signifying a 33.33% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $49.44 million, up 10.06% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.21 per share and revenue of $202 million, indicating changes of +75% and +4.79%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Amerigo Resources should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Amerigo Resources is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Amerigo Resources's current valuation metrics, including its Forward P/E ratio of 6.67. For comparison, its industry has an average Forward P/E of 20.66, which means Amerigo Resources is trading at a discount to the group.
It's also important to note that ARREF currently trades at a PEG ratio of 0.33. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Mining - Non Ferrous industry had an average PEG ratio of 0.88 as trading concluded yesterday.
The Mining - Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 188, which puts it in the bottom 26% of all 250+ industries.