Amerigo Resources (OTCMKTS:ARREF) Hits New 52-Week High – What’s Next?

Shares of Amerigo Resources Ltd. (OTCMKTS:ARREF) reached a new 52-week high during trading on Friday . The company traded as high as $4.3501 and last traded at $4.2820, with a volume of 118380 shares. The stock had previously closed at $4.1850.

Amerigo Resources Stock Performance

The firm’s fifty day moving average is $3.18 and its 200-day moving average is $2.29. The company has a market capitalization of $714.89 million, a P/E ratio of 34.00 and a beta of 1.57.

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

Amerigo Resources Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 19th. Investors of record on Monday, December 1st were given a dividend of $0.0288 per share. The ex-dividend date was 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 dividend 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.