Amerigo Resources (ARREF) to Release Earnings on Wednesday

Amerigo Resources (OTCMKTS:ARREF) is expected to post its results before the market opens on Wednesday, February 25th. Analysts expect Amerigo Resources to post earnings of $0.06 per share and revenue of $70.20 million for the quarter.

Amerigo Resources Stock Performance

ARREF stock opened at $4.35 on Monday. The business has a 50-day simple moving average of $3.83 and a two-hundred day simple moving average of $2.66. The company has a market capitalization of $699.35 million, a P/E ratio of 33.44 and a beta of 1.56. Amerigo Resources has a 52-week low of $1.11 and a 52-week high of $4.87.

Amerigo Resources Increases Dividend

The business also recently announced 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 of this dividend was Friday, November 28th. This is a positive change from Amerigo Resources’s previous dividend of $0.02. This represents a dividend yield of 470.0%. Amerigo Resources’s payout ratio is presently 100.00%.

Amerigo Resources Company Profile

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.