Amerigo Resources (OTCMKTS:ARREF) Shares Gap Up – Should You Buy?

Amerigo Resources Ltd. (OTCMKTS:ARREF)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $3.1280, but opened at $3.26. Amerigo Resources shares last traded at $3.18, with a volume of 9,540 shares changing hands.

Amerigo Resources Trading Up 0.9%

The company has a market capitalization of $517.57 million, a PE ratio of 24.62 and a beta of 1.58. The business’s fifty day moving average is $2.50 and its two-hundred day moving average is $1.96.

Amerigo Resources (OTCMKTS:ARREF) last posted its earnings results on Wednesday, October 29th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Amerigo Resources had a return on equity of 19.68% and a net margin of 10.39%.The business had revenue of $52.48 million during the quarter, compared to the consensus estimate of $52.20 million. As a group, equities research analysts anticipate that Amerigo Resources Ltd. will post 0.14 EPS for the current year.

Amerigo Resources Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, December 19th. Shareholders of record on Monday, December 1st were given a $0.0288 dividend. This is a positive change from Amerigo Resources’s previous dividend of $0.02. The ex-dividend date of this dividend was Friday, November 28th. This represents a yield of 470.0%. Amerigo Resources’s payout ratio is presently 100.00%.

About Amerigo Resources

Amerigo Resources Ltd. is a Canada-based mineral resource development company focused on copper deposits in Chile. Its primary asset, the Minera Valle Central (MVC) project, recovers copper from tailings produced by Codelco’s Salvador Division and processes the material into copper concentrate. By leveraging existing plant infrastructure and water rights, Amerigo’s MVC operation delivers a lower-impact, cost-effective source of high-grade copper for global markets.

Amerigo holds the operating licence for MVC under a joint-venture framework with Codelco, Chile’s state-owned mining company.