Amerigo Resources: 2024 Should Be A Good Year

Summary

  • Amerigo Resources had a tough time in Q2 and Q3 2023 as its operations were negatively affected by heavy rainfall.
  • I think 2024 should be a decent year for the company as concerns about a global copper surplus are diminishing.
  • In my view, Amerigo's shareholder yield could remain above 10%, and my rating on the stock is a speculative buy.
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New year 2024 concept. Text 2024 written on the road in the middle of asphalt road with at sunset. Concept of planning, goal, challenge, new year resolution.

Chonlatee Sangsawang

Introduction

French cabling specialist Nexans (OTCPK:NXPRF) (OTCPK:NEXNY) is currently the largest position in my stock portfolio and I've been looking at copper producers to hedge some of the risk there as this is the main

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This article was written by

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Gold Panda has been working as an M&A analyst for over a decade. He's been investing since 2007. Preferring value to growth, he tends to take a relatively conservative approach in his investing. His focus is on small and micro-cap stocks, which he believes is the area that offers the greatest opportunity to exploit market mispricings.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of NXPRF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I am not a financial adviser. All articles are my opinion - they are not suggestions to buy or sell any securities. Perform your own due diligence and consult a financial professional before trading.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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