Amerigo Resources Third Quarter 2024 Earnings: Misses Expectations

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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