Amerigo Resources Ltd. (OTCMKTS:ARREF) Sees Large Decrease in Short Interest

Amerigo Resources Ltd. (OTCMKTS:ARREFGet Rating) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 8,900 shares, a decrease of 68.9% from the March 31st total of 28,600 shares. Based on an average daily trading volume, of 147,400 shares, the short-interest ratio is presently 0.1 days.

Amerigo Resources stock opened at $1.22 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.42 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $212.91 million, a P/E ratio of 5.56, a PEG ratio of 0.34 and a beta of 3.06. The stock’s 50 day moving average is $1.40 and its 200 day moving average is $1.23. Amerigo Resources has a twelve month low of $0.86 and a twelve month high of $1.66.

Amerigo Resources (OTCMKTS:ARREFGet Rating) last posted its quarterly earnings results on Thursday, February 24th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $52.00 million during the quarter, compared to analysts’ expectations of $52.90 million. Amerigo Resources had a return on equity of 29.87% and a net margin of 19.96%. As a group, equities analysts expect that Amerigo Resources will post 0.16 EPS for the current year.

The firm also recently announced a dividend, which was paid on Monday, March 21st. Shareholders of record on Friday, March 4th were paid a dividend of $0.0236 per share. The ex-dividend date was Thursday, March 3rd. This represents a yield of 7.31%. Amerigo Resources’s dividend payout ratio is 40.91%.

Separately, Zacks Investment Research upgraded Amerigo Resources from a “hold” rating to a “buy” rating and set a $1.50 price target on the stock in a research note on Thursday, April 14th.

About Amerigo Resources (Get Rating)

Amerigo Resources Ltd., through its subsidiary, Minera Valle Central SA, produces and sells 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. in March 2002.

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