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Amerigo Resources (OTCMKTS:ARREF) Share Price Passes Above 50-Day Moving Average - Time to Sell?

Amerigo Resources logo with Basic Materials background

Amerigo Resources Ltd. (OTCMKTS:ARREF - Get Free Report) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $1.26 and traded as high as $1.36. Amerigo Resources shares last traded at $1.34, with a volume of 45,914 shares changing hands.

Amerigo Resources Price Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 0.91 and a quick ratio of 0.80. The stock's fifty day moving average is $1.26 and its 200-day moving average is $1.23. The stock has a market cap of $224.23 million, a PE ratio of 10.51, a price-to-earnings-growth ratio of 0.30 and a beta of 1.88.

Amerigo Resources (OTCMKTS:ARREF - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.02). Amerigo Resources had a net margin of 11.23% and a return on equity of 19.30%. The firm had revenue of $39.50 million during the quarter, compared to analysts' expectations of $46.70 million. As a group, equities analysts anticipate that Amerigo Resources Ltd. will post 0.14 EPS for the current year.

Amerigo Resources Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, June 20th. Investors of record on Monday, June 2nd will be given a dividend of $0.0218 per share. This represents a dividend yield of 6.59%. This is an increase from Amerigo Resources's previous dividend of $0.02. The ex-dividend date of this dividend is Friday, May 30th. Amerigo Resources's dividend payout ratio (DPR) is presently 66.67%.

Amerigo Resources Company Profile

(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.

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