Education
About Us
Working with TipRanks
Follow Us
Amerigo Resources (ARREF)
OTHER OTC:ARREF
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.04Last Year’s EPS
0.03Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 0.81%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Amerigo's strong financial performance, operational excellence, and successful capital return strategy. Despite some challenges, like foreign exchange losses and a working capital deficiency, the company demonstrated resilience and maintained a positive outlook for future copper price increases and shareholder returns.Company Guidance
During the call, Amerigo Resources provided detailed guidance on its financial and operational performance for the fiscal year 2024. The company achieved a net income of $19.2 million and earnings per share of $0.12, with an EBITDA of $68.8 million. Copper production reached 64.6 million pounds, benefiting from a stronger average copper price of $4.15 per pound, which was an 8% increase from 2023. The company successfully implemented its Capital Return Strategy (CRS), returning $21.2 million to shareholders, split between dividends and share buybacks. Revenue saw a 22% increase to $192.8 million, driven by higher copper production and prices. Operationally, NBC exceeded its cash cost guidance with a cash cost of $1.89 per pound and maintained a plant availability of 97%. The call highlighted Amerigo's robust cash flow generation of $47.1 million before changes in working capital and the strategic use of excess cash flow to optimize shareholder returns. With a bullish outlook for copper prices and no debt on the balance sheet by year's end, Amerigo plans to continue its focus on operational efficiency and shareholder value.Strong Financial Performance
Amerigo reported a net income of $19.2 million and EBITDA of $68.8 million in 2024, with a 22% increase in revenue to $192.8 million compared to 2023.
Operational Excellence
NBC beat production and cash cost guidance with a cash cost of $1.89 per pound and achieved a plant availability of 97%.
Capital Return Strategy Success
Since October 2021, $78.1 million has been returned to shareholders via buybacks and dividends, with a 91% total return from share appreciation and dividends.
Increased Copper Price
The average copper price increased 8% from 2023 to $4.15 per pound in 2024.
Dividend and Buyback Achievements
Amerigo paid a cumulative dividend of $0.42 Canadian and repurchased 21.6 million shares, representing 11.9% of shares outstanding since CRS inception.
---
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
---
ARREF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $1.23 | $1.30 | +5.69% |
| 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% |
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.
---
FAQ
When does Amerigo Resources (ARREF) report earnings?
Amerigo Resources (ARREF) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Amerigo Resources (ARREF) earnings time?
Amerigo Resources (ARREF) earnings time is at Apr 30, 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 2025 (Q1) is 0.04.
---