Amerigo Resources (TSX: ARG), the Materials sector company was revisited on August 26, and remains undervalued for at least one analyst on the street. On August 26, analyst Joseph Reagor gave a Buy rating to ARG and set a C$1.50 price target.
According to TipRanks.com, Reagor is a 4-star analyst with an average return of 8.9% and a 40.7% success rate. Reagor covers the Basic Materials sector, focusing on stocks such as Trecora Resources, Energy Fuels Inc, and Seabridge Gold.
Read also: Crude Oil: Sell Now, Buy Later
Currently, the analyst consensus on Amerigo Resources is a Moderate Buy with an average price target of C$1.50.
Amerigo Resources’ market cap is currently C$145.3M and has a P/E ratio of 7.1. The company has a Price to Book ratio of 1.07.
Amerigo Resources Ltd. engages in the production and sale of copper and molybdenum concentrates. The company was founded by Steven G. Dean on January 23, 1984 and is headquartered in Vancouver, Canada.
The company’s shares closed on Wednesday at C$0.82.
