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Amerigo Resources (ARREF)
:ARREF
Holding ARREF?
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.04Last Year’s EPS
0.02Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2018
|% Change Since: -7.32%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Positive
The earnings call presented a strong quarterly performance with significant improvements in production and cost management. The company effectively managed shareholder returns through dividends and share buybacks. Despite some negative price adjustments and a working capital deficiency, the overall outlook and operational achievements were positive.Company Guidance
During the Amerigo Resources Q3 2024 earnings call, the company provided detailed guidance on various financial and operational metrics. Amerigo reported a quarterly net income of $2.8 million, an EBITDA of $13.3 million, and free cash flow to equity of $5.9 million. The company paid CAD 0.07 per share in dividends, totaling $8.5 million, and maintained a cash position of $25.1 million at quarter-end. Copper production for the quarter was 16.3 million pounds, with a plant availability of 97% and 70% of copper production from fresh tailings. The quarterly cash cost was reported at $1.93 per pound, below the annual guidance of $2.08, while the average copper price received was $4.22 per pound. The company remains on track with its 2024 guidance and plans to continue share buybacks and dividends, highlighting its capital return strategy. Additionally, Amerigo emphasized the importance of its flexible capital return strategy, which includes regular dividends, performance dividends, and share buybacks, aiming to optimize shareholder returns amid fluctuating copper prices.Strong Financial Performance
Amerigo reported quarterly net income of $2.8 million, EBITDA of $13.3 million, and free cash flow to equity of $5.9 million. The company declared its 13th consecutive quarterly dividend.
Record Copper Production
Copper production was 16.3 million pounds, a 46% increase from Q3 2023, driven by the recovery from last year's flooding.
Cost Management Success
Quarterly cash cost was $1.93 per pound, below the annual cash cost guidance of $2.08. Total and all-in sustaining costs also decreased significantly.
High Copper Prices
The average copper price per pound received was $4.22, contributing to strong revenue performance.
Shareholder Returns
Amerigo paid $8.5 million in dividend payments and restarted share buybacks, reducing the number of shares outstanding by more than 11% over three years.
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ARREF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ARREF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $1.23 | $1.24 | +0.81% |
| Jul 31, 2024 | $1.06 | $1.14 | +7.55% |
| May 08, 2024 | $1.20 | $1.17 | -2.50% |
| Feb 21, 2024 | $0.87 | $0.88 | +1.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Amerigo Resources (ARREF) report earnings?
Amerigo Resources (ARREF) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Amerigo Resources (ARREF) earnings time?
Amerigo Resources (ARREF) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARREF EPS forecast?
ARREF EPS forecast for the fiscal quarter 2024 (Q4) is 0.04.
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