
Analyst Reiterates Buy on Amerigo Resources, Citing Strong Cash Generation and Leverage to Copper Prices with Unchanged Target Price

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Analyst Ben Pirie of Atrium Research has reiterated a Buy rating on Amerigo Resources, maintaining a target price of C$8.50. He cites the company's strong cash generation, significant earnings leverage to copper prices, and solid first-quarter performance as key factors. Amerigo's EBITDA more than doubled with a modest rise in copper prices, and it reported strong free cash flow, a large cash balance, and no debt. The company is well-positioned for continued robust cash flows, supporting Pirie's Buy rating.
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