Amerigo Resources: Strong Financial Performance and Strategic Positioning Justify Buy Rating

Ben Pirie, an analyst from Atrium Research, maintained the Buy rating on Amerigo Resources (ARREF – Research Report). The associated price target remains the same with C$2.50.

Ben Pirie has given his Buy rating due to a combination of factors, including Amerigo Resources’ strong financial performance in the fourth quarter and the promising outlook for the upcoming quarters. The company reported a significant increase in revenue and EBITDA, with annual results surpassing expectations. This strong performance was driven by a notable growth in production and improved gross margins, which have positioned the company well for future growth.
Additionally, the increase in copper prices following the quarter’s end is expected to further enhance Amerigo’s cash flow in the first quarter of 2025. These positive financial indicators, combined with the company’s strategic positioning in the market, have led Ben Pirie to maintain a Buy rating and a target share price of C$2.50 for Amerigo Resources.