Professional
Added to YB: 2026-10-16
Pitch date: 2026-10-13
ARG.TO [bullish]
Amerigo Resources Ltd.
-5.45%
current return
Author Info
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Company Info
Amerigo Resources Ltd., through its subsidiary, Minera Valle Central S.A., produces copper and molybdenum concentrates from Corporación Nacional del Cobre de Chile’s El Teniente mine in Chile.
Market Cap
CAD 951.6M
Pitch Price
CAD 8.80
Price Target
10.00 (+20%)
Dividend
5.95%
EV/EBITDA
7.49
P/E
17.34
EV/Sales
3.27
Sector
Metals and Mining
Category
growth
Amerigo Resources – Q3 Production Beats Expectations; Impressive Cost Reduction
ARG.TO (earnings): Amerigo’s Q3 copper output rose 17% to 17.0Mlb, beating the 16.2Mlb forecast, while cash cost fell to $1.55/lb, the lowest quarterly level since coverage began, versus the $2.08 estimate and $1.98 full-year guidance, driven by higher volumes and molybdenum by-product credits. Production has reached 76% of 2026 guidance, with a likely beat if Q4 is similar. The BUY rating and C$10 target are maintained; Q3 financials are awaited before another target increase.
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