Amerigo Resources (OTCMKTS:ARREF) Stock Crosses Below 50 Day Moving Average - Time to Sell?

Key Points

• Amerigo Resources shares dropped below their 50-day moving average during trading, indicating a potential warning signal for investors.
• The company has announced a dividend increase to $0.0218 per share, representing a yield of 659.0%, reflecting a positive change from the previous dividend.
• Amerigo Resources reported steady quarterly earnings of $0.05 per share, meeting analyst estimates, with revenues surpassing expectations at $50.85 million.

Amerigo Resources Ltd. (OTCMKTS:ARREF - Get Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1.54 and traded as low as $1.49. Amerigo Resources shares last traded at $1.52, with a volume of 140,032 shares trading hands.

Amerigo Resources Stock Performance

The company has a market capitalization of $245.43 million, a PE ratio of 13.82, a PEG ratio of 0.37 and a beta of 1.80. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $1.54 and a two-hundred day moving average price of $1.36.

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 for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $50.85 million during the quarter, compared to analysts' expectations of $49.40 million. Amerigo Resources had a return on equity of 15.93% and a net margin of 8.74%. Analysts predict that Amerigo Resources Ltd. will post 0.14 EPS for the current fiscal year.

Amerigo Resources Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 2nd were given a dividend of $0.0218 per share. The ex-dividend date was Friday, May 30th. This is a positive change from Amerigo Resources's previous dividend of $0.02. This represents a yield of 659.0%. Amerigo Resources's dividend payout ratio (DPR) is presently 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.

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