Amerigo Resources (OTCMKTS:ARREF) Shares Cross Above Fifty Day Moving Average - Here's Why

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%.

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.

Amerigo Resources Stock Performance

The company has a fifty day moving average price of $1.63 and a two-hundred day moving average price of $1.42. 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 company has a market capitalization of $263.23 million, a P/E ratio of 14.82, a PEG ratio of 0.40 and a beta of 1.84.

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

Amerigo Resources Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, September 19th. Investors of record on Monday, September 1st will be given a dividend of $0.0217 per share. This represents a yield of 569.0%. The ex-dividend date of this dividend is Friday, August 29th. Amerigo Resources's dividend payout ratio (DPR) 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.