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Amerigo Resources (ARREF) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Amerigo Resources (ARREF - Free Report) closed at $1.94, marking a -1.3% move from the previous day. This change lagged the S&P 500's 0.37% gain on the day. Elsewhere, the Dow lost 0.14%, while the tech-heavy Nasdaq added 0.71%.
The copper and molybdenum mining company's stock has climbed by 17.27% in the past month, exceeding the Basic Materials sector's gain of 5.71% and the S&P 500's gain of 4.26%.
Analysts and investors alike will be keeping a close eye on the performance of Amerigo Resources in its upcoming earnings disclosure. On that day, Amerigo Resources is projected to report earnings of $0.06 per share, which would represent year-over-year growth of 200%.
ARREF's full-year Zacks Consensus Estimates are calling for earnings of $0.21 per share and revenue of $0 million. These results would represent year-over-year changes of +75% and 0%, respectively.
Investors should also note any recent changes to analyst estimates for Amerigo Resources. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Amerigo Resources is currently a Zacks Rank #3 (Hold).
Investors should also note Amerigo Resources's current valuation metrics, including its Forward P/E ratio of 9.36. This expresses a discount compared to the average Forward P/E of 26.86 of its industry.
The Mining - Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 52, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Amerigo Resources (ARREF) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Amerigo Resources (ARREF - Free Report) closed at $1.94, marking a -1.3% move from the previous day. This change lagged the S&P 500's 0.37% gain on the day. Elsewhere, the Dow lost 0.14%, while the tech-heavy Nasdaq added 0.71%.
The copper and molybdenum mining company's stock has climbed by 17.27% in the past month, exceeding the Basic Materials sector's gain of 5.71% and the S&P 500's gain of 4.26%.
Analysts and investors alike will be keeping a close eye on the performance of Amerigo Resources in its upcoming earnings disclosure. On that day, Amerigo Resources is projected to report earnings of $0.06 per share, which would represent year-over-year growth of 200%.
ARREF's full-year Zacks Consensus Estimates are calling for earnings of $0.21 per share and revenue of $0 million. These results would represent year-over-year changes of +75% and 0%, respectively.
Investors should also note any recent changes to analyst estimates for Amerigo Resources. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Amerigo Resources is currently a Zacks Rank #3 (Hold).
Investors should also note Amerigo Resources's current valuation metrics, including its Forward P/E ratio of 9.36. This expresses a discount compared to the average Forward P/E of 26.86 of its industry.
The Mining - Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 52, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.