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Amerigo Resources (OTCMKTS:ARREF) Share Price Passes Above Fifty Day Moving Average - Should You Sell?

Amerigo Resources logo with Basic Materials background

Amerigo Resources Ltd. (OTCMKTS:ARREF - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $1.29 and traded as high as $1.43. Amerigo Resources shares last traded at $1.38, with a volume of 19,238 shares traded.

Amerigo Resources Stock Down 2.9%

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 firm has a market cap of $217.28 million, a PE ratio of 11.17, a P/E/G ratio of 0.32 and a beta of 1.91. The business has a fifty day moving average price of $1.30 and a two-hundred day moving average price of $1.24.

Amerigo Resources (OTCMKTS:ARREF - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. 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 17.75% and a net margin of 9.87%. The company had revenue of $39.50 million during the quarter, compared to analyst estimates of $46.70 million. On average, analysts anticipate that Amerigo Resources Ltd. will post 0.14 EPS for the current fiscal year.

Amerigo Resources Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.0218 per share. This is an increase from Amerigo Resources's previous dividend of $0.02. The ex-dividend date was Friday, May 30th. This represents a yield of 6.59%. Amerigo Resources's dividend payout ratio is currently 75.00%.

About Amerigo Resources

(Get Free Report)

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.

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