Amerigo Resources (ARREF) Downgraded to “Hold” at Zacks Investment Research
Zacks Investment Research cut shares of Amerigo Resources (OTCMKTS:ARREF) from a strong-buy rating to a hold rating in a research note issued to investors on Friday morning.
According to Zacks, “Amerigo Resources Ltd., through its subsidiary, is engaged in producing and selling copper and molybdenum concentrates primarily in Chile. Amerigo Resources Ltd. is headquartered in Vancouver, Canada. “
Separately, ValuEngine raised shares of Amerigo Resources from a sell rating to a hold rating in a research note on Tuesday, October 16th.
Amerigo Resources Company Profile
Amerigo Resources Ltd., through its subsidiary, produces and sells copper and molybdenum concentrates from Codelco's El Teniente underground mine in Chile. The company was formerly known as Golden Temple Mining Corp. and changed its name to Amerigo Resources Ltd. in March 2002. Amerigo Resources Ltd.
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