Amerigo Resources stock remained flat at $1.13, showing outperformance compared to S&P 500

From Nasdaq: 2024-06-28 18:15:20

In the latest market close, Amerigo Resources (ARREF) stayed at $1.13, outperforming S&P 500. Over the past month, ARREF stock has dropped 13.54%. Analysts project earnings per share at $0.05 and revenue at $46.79 million for the upcoming report, with full-year estimates showing significant increases from the prior year.

Valuation shows ARREF trading at a discount, with a Forward P/E ratio of 7.06 and a PEG ratio of 0.35, both below industry averages. The Mining – Non Ferrous industry, where ARREF operates, is in the top 26% of all industries according to the Zacks Industry Rank, indicating strong performance compared to peers.

Investors can anticipate potential stock price performance based on analyst estimate changes, with Zacks Rank categorizing ARREF as a #1 (Strong Buy). This Zacks ranking system has a track record of outperformance, with #1 stocks delivering an average annual return of +25% since 1988.

Monitoring Zacks.com for stock-impacting metrics can provide valuable insights for investors in upcoming trading sessions. Evaluate industry performance, company valuations, and analyst estimates to make informed decisions regarding Amerigo Resources and other investments.



Read more at Nasdaq: Amerigo Resources (ARREF) Flat As Market Sinks: What You Should Know