Amerigo Resources - ARREF Stock Forecast, Price & News

Amerigo Resources' stock was trading at $0.9672 on January 1st, 2023. Since then, ARREF stock has increased by 15.8% and is now trading at $1.12.
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Amerigo Resources saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 43,100 shares, an increase of 11.9% from the February 13th total of 38,500 shares. Based on an average daily trading volume, of 148,600 shares, the short-interest ratio is currently 0.3 days.
View Amerigo Resources' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our ARREF earnings forecast.

Amerigo Resources Ltd. (OTCMKTS:ARREF) released its earnings results on Wednesday, February, 22nd. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The business earned $49.85 million during the quarter, compared to analyst estimates of $48.47 million. Amerigo Resources had a trailing twelve-month return on equity of 3.27% and a net margin of 2.60%.

Amerigo Resources announced a dividend on Wednesday, March 1st. Shareholders of record on Monday, March 6th will be paid a dividend of $0.0222 per share on Monday, March 20th. This represents a dividend yield of 7.84%. The ex-dividend date of this dividend is Friday, March 3rd. This is a boost from the stock's previous dividend of $0.02.
Read our dividend analysis for ARREF.

Amerigo Resources (OTCMKTS:ARREF) pays an annual dividend of $0.09 per share and currently has a dividend yield of 8.10%. ARREF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 450.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ARREF will have a dividend payout ratio of 42.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ARREF.

Amerigo Resources trades on the OTCMKTS under the ticker symbol "ARREF."

Shares of ARREF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ARREF stock can currently be purchased for approximately $1.12.

Amerigo Resources (OTCMKTS:ARREF) has a market capitalization of $185.93 million and generates $168.05 million in revenue each year. The company earns $4.37 million in net income (profit) each year or $0.02 on an earnings per share basis.

The company employs 299 workers across the globe.

Amerigo Resources' mailing address is 355 Burrard Street Suite 1260, Vancouver A1, V6C 2G8. The official website for the company is www.amerigoresources.com. The company can be reached via phone at (604) 681-2802 or via fax at 604-681-2802.