Amerigo Resources (OTCMKTS:ARREF) Reaches New 1-Year High – What’s Next?

Shares of Amerigo Resources Ltd. (OTCMKTS:ARREF) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $4.7184 and last traded at $4.66, with a volume of 236012 shares changing hands. The stock had previously closed at $4.5570.

Amerigo Resources Stock Down 12.1%

The stock has a 50-day moving average price of $3.39 and a 200 day moving average price of $2.38. The firm has a market capitalization of $659.90 million, a price-to-earnings ratio of 31.39 and a beta of 1.57.

Amerigo Resources (OTCMKTS:ARREF) last issued its earnings results on Wednesday, October 29th. The company reported $0.04 earnings per share 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 analyst estimates of $52.20 million. As a group, equities analysts forecast that Amerigo Resources Ltd. will post 0.14 earnings per share for the current fiscal year.

Amerigo Resources Increases Dividend

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