Amerigo Resources (OTCMKTS:ARREF) Shares Cross Above Fifty Day Moving Average – What’s Next?

Shares of Amerigo Resources Ltd. (OTCMKTS:ARREF) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $1.22 and traded as high as $1.35. Amerigo Resources shares last traded at $1.32, with a volume of 158,214 shares.

Amerigo Resources Price Performance

The stock’s 50-day moving average is $1.22 and its 200-day moving average is $1.22. The firm has a market cap of $217.71 million, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 0.30 and a beta of 2.92. The company has a quick ratio of 0.80, a current ratio of 0.91 and a debt-to-equity ratio of 0.06.

Amerigo Resources (OTCMKTS:ARREF) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). Amerigo Resources had a return on equity of 19.30% and a net margin of 11.23%. The business had revenue of $50.80 million for the quarter, compared to analyst estimates of $53.20 million. As a group, equities analysts anticipate that Amerigo Resources Ltd. will post 0.14 EPS for the current fiscal year.

Amerigo Resources Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.0209 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a yield of 6.75%. Amerigo Resources’s dividend payout ratio is currently 61.54%.

Amerigo Resources Company Profile

Amerigo Resources Ltd., through its subsidiary, Minera Valle Central SA, engages in the production and sale of 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.