Amerigo Resources (OTCMKTS:ARREF) Stock Crosses Above Fifty Day Moving Average - What's Next?

Key Points

• Amerigo Resources shares recently crossed above their 50-day moving average of $1.64, with a current trading price of $1.74, marking a 2.4% increase.
• The company reported earnings of $0.05 per share for the last quarter, meeting analysts' expectations, with a revenue of $50.85 million.
• Amerigo Resources announced a dividend of $0.0217 per share, yielding 569.0%, although its dividend payout ratio stands at 81.82%.

Amerigo Resources Ltd. (OTCMKTS:ARREF - Get Free Report)'s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $1.64 and traded as high as $1.77. Amerigo Resources shares last traded at $1.74, with a volume of 192,794 shares changing hands.

Amerigo Resources Stock Performance

The firm's fifty day moving average price is $1.64 and its 200 day moving average price is $1.44. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $280.99 million, a PE ratio of 15.82, a PEG ratio of 0.41 and a beta of 1.84.

Amerigo Resources (OTCMKTS:ARREF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. Amerigo Resources had a net margin of 8.74% and a return on equity of 15.93%. The business had revenue of $50.85 million for the quarter, compared to analysts' expectations of $49.40 million. On average, research analysts anticipate that Amerigo Resources Ltd. will post 0.14 earnings per share for the current year.

Amerigo Resources Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, September 19th. Stockholders of record on Monday, September 1st were issued a dividend of $0.0217 per share. This represents a dividend yield of 569.0%. The ex-dividend date was Friday, August 29th. Amerigo Resources's payout ratio is currently 81.82%.

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.