Amerigo Resources (OTCMKTS:ARREF) Stock Passes Below 50-Day Moving Average - What's Next?

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.

Shares of 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 changing hands.

Amerigo Resources Trading Up 2.1%

The stock has a 50-day moving average price of $1.55 and a two-hundred day moving average price of $1.36. The stock has a market capitalization of $246.56 million, a PE ratio of 13.88, a PEG ratio of 0.36 and a beta of 1.80. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.77 and a current ratio of 0.91.

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

Amerigo Resources Increases Dividend

The business also recently declared a dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 2nd were issued a $0.0218 dividend. The ex-dividend date was Friday, May 30th. This is a boost from Amerigo Resources's previous dividend of $0.02. This represents a dividend yield of 659.0%. Amerigo Resources's dividend payout ratio (DPR) is currently 81.82%.

About Amerigo Resources

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.