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Amerigo Resources (OTCMKTS:ARREF) Stock Price Crosses Above 50-Day Moving Average - Here's Why

Amerigo Resources logo with Basic Materials background

Key Points

  • Amerigo Resources Ltd.'s stock price recently crossed above its fifty-day moving average, reaching a high of $1.71 before settling at $1.67 with a trading volume of 230,448 shares.
  • The company reported earnings of $0.05 per share for the last quarter, matching analyst expectations, with revenue surpassing estimates at $50.85 million.
  • Amerigo Resources announced a dividend of $0.0217, with an impressive dividend yield of 569.0%, although the payout ratio stands at 81.82%.
  • Five stocks we like better than Amerigo Resources.

Amerigo Resources Ltd. (OTCMKTS:ARREF - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $1.63 and traded as high as $1.71. Amerigo Resources shares last traded at $1.67, with a volume of 230,448 shares traded.

Amerigo Resources Price Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.77 and a current ratio of 0.91. The stock has a market cap of $265.81 million, a P/E ratio of 14.96, a P/E/G ratio of 0.40 and a beta of 1.84. The business has a 50 day simple moving average of $1.63 and a 200-day simple moving average of $1.41.

Amerigo Resources (OTCMKTS:ARREF - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.05 EPS for the quarter, hitting analysts' consensus estimates of $0.05. The firm had revenue of $50.85 million for the quarter, compared to analyst estimates of $49.40 million. Amerigo Resources had a net margin of 8.74% and a return on equity of 15.93%. On average, sell-side analysts forecast that Amerigo Resources Ltd. will post 0.14 EPS for the current year.

Amerigo Resources Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, September 19th. Shareholders of record on Monday, September 1st will be paid a $0.0217 dividend. This represents a yield of 569.0%. The ex-dividend date of this dividend is Friday, August 29th. Amerigo Resources's dividend payout ratio is presently 81.82%.

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.

See Also

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