Amerigo Resources (OTCMKTS:ARREF) Releases Earnings Results, Meets Expectations

Key Points

• Amerigo Resources reported earnings of $0.05 per share for the quarter, meeting analyst expectations, with revenue of $50.85 million exceeding estimates of $49.40 million.
• The company recently increased its dividend to $0.0218 per share, reflecting a yield of 6.59% and a payout ratio of 75%.
• Despite positive earnings performance, Amerigo Resources' stock declined $0.13 on the day of the announcement, trading at $1.55.

Amerigo Resources (OTCMKTS:ARREF - Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.05 EPS for the quarter, meeting analysts' consensus estimates of $0.05, Zacks reports. Amerigo Resources had a return on equity of 15.93% and a net margin of 8.74%. The business had revenue of $50.85 million during the quarter, compared to the consensus estimate of $49.40 million.

Amerigo Resources Trading Up 0.5%

Shares of OTCMKTS ARREF traded up $0.01 during midday trading on Friday, reaching $1.56. 149,530 shares of the stock were exchanged, compared to its average volume of 138,836. Amerigo Resources has a 12 month low of $1.03 and a 12 month high of $1.81. The company has a market capitalization of $251.89 million, a price-to-earnings ratio of 14.18, a P/E/G ratio of 0.37 and a beta of 1.80. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.91 and a quick ratio of 0.77. The business has a 50-day simple moving average of $1.53 and a two-hundred day simple moving average of $1.34.

Amerigo Resources Increases Dividend

The company also recently announced a dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 2nd were issued a $0.0218 dividend. This represents a yield of 659.0%. This is a boost from Amerigo Resources's previous dividend of $0.02. The ex-dividend date was Friday, May 30th. Amerigo Resources's dividend payout ratio (DPR) is 81.82%.

About Amerigo Resources

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.