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Amerigo Resources First Quarter 2024 Earnings: Revenues Disappoint

Amerigo Resources (TSE:ARG) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$44.9m (down 15% from 1Q 2023).

  • Net income: US$4.27m (down 53% from 1Q 2023).

  • Profit margin: 9.5% (down from 17% in 1Q 2023).

  • EPS: US$0.026 (down from US$0.055 in 1Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Amerigo Resources Earnings Insights

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that Amerigo Resources is showing 1 warning sign in our investment analysis that you should know about...

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.