Amerigo Resources (OTCMKTS:ARREF) Sets New 52-Week High – Here’s What Happened

Amerigo Resources Ltd. (OTCMKTS:ARREF)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $3.35 and last traded at $3.18, with a volume of 25007 shares. The stock had previously closed at $3.14.

Amerigo Resources Trading Up 0.5%

The stock’s 50-day moving average is $2.39 and its 200-day moving average is $1.90. The stock has a market cap of $503.01 million, a price-to-earnings ratio of 23.92 and a beta of 1.58.

Amerigo Resources (OTCMKTS:ARREF) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Amerigo Resources had a net margin of 10.39% and a return on equity of 19.68%. The business had revenue of $52.48 million for the quarter, compared to analyst estimates of $52.20 million. On average, equities analysts predict that Amerigo Resources Ltd. will post 0.14 earnings per share for the current fiscal year.

Amerigo Resources Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, December 19th. Investors of record on Monday, December 1st will be issued a $0.0288 dividend. The ex-dividend date is Friday, November 28th. This represents a yield of 470.0%. This is an increase from Amerigo Resources’s previous dividend of $0.02. Amerigo Resources’s payout ratio is currently 92.31%.

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.