Amerigo Resources Ltd. (OTCMKTS:ARREF) Short Interest Up 65.1% in May

Amerigo Resources Ltd. (OTCMKTS:ARREF – Get Rating) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totalling 48,200 shares, an increase of 65.1% from the April 30th total of 29,200 shares. Based on an average daily volume of 234,900 shares, the days-to-cover ratio is presently 0.2 days.

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

Shares of OTCMKTS ARREF opened at $1.34 on Friday. The stock has a market capitalization of $233.36 million, a PE ratio of 5.36, a P/E/G ratio of 0.32 and a beta of 2.99. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.42 and a quick ratio of 1.29. The business has a fifty day moving average price of $1.36 and a two-hundred day moving average price of $1.26. Amerigo Resources has a fifty-two week low of $0.86 and a fifty-two week high of $1.66.

Amerigo Resources (OTCMKTS:ARREF – Get Rating) last announced its quarterly earnings data 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). Amerigo Resources had a net margin of 21.72% and a return on equity of 32.29%. The company had revenue of $52.00 million during the quarter, compared to analyst estimates of $52.90 million. On average, equities analysts expect that Amerigo Resources will post 0.17 EPS for the current year.

The firm also recently declared a dividend, which will be paid on Monday, June 20th. Stockholders of record on Friday, May 27th will be issued a dividend of $0.0234 per share. The ex-dividend date is Thursday, May 26th. This represents a dividend yield of 7.14%. Amerigo Resources’s dividend payout ratio (DPR) is currently 36.00%.

Amerigo Resources Company Profile (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.

Featured Stories