Amerigo Resources (OTCMKTS:ARREF) Hits New 1-Year High – Here’s What Happened

Amerigo Resources Ltd. (OTCMKTS:ARREF)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $3.1150 and last traded at $3.11, with a volume of 173319 shares traded. The stock had previously closed at $2.98.

Amerigo Resources Price Performance

The firm has a market cap of $483.61 million, a PE ratio of 23.00 and a beta of 1.58. The business has a fifty day moving average price of $2.30 and a two-hundred day moving average price of $1.85.

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

Amerigo Resources Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, December 19th. Shareholders of record on Monday, December 1st will be given a dividend of $0.0288 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a dividend yield of 470.0%. This is an increase from Amerigo Resources’s previous dividend of $0.02. Amerigo Resources’s payout ratio is 92.31%.

About Amerigo Resources

Amerigo Resources Ltd., through its subsidiary, Minera Valle Central SA, engages in the production and sale of 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.