Amerigo Resources (TSE:ARG) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$45.4m (up 50% from 3Q 2023).
- Net income: US$2.78m (up from US$5.79m loss in 3Q 2023).
- Profit margin: 6.1% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
- EPS: US$0.017 (up from US$0.035 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Amerigo Resources Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 33%.
Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada.
Performance of the Canadian Metals and Mining industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Amerigo Resources that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TSX:ARG
Amerigo Resources
Through its subsidiary, Minera Valle Central S.A., engages in the production and sale of copper and molybdenum concentrates from Codelco’s El Teniente underground mine in Chile.
Undervalued with excellent balance sheet and pays a dividend.
