Amerigo Resources (ARREF) Expected to Announce Earnings on Wednesday

Amerigo Resources (OTCMKTS:ARREF) is anticipated 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 Price Performance

Shares of OTCMKTS ARREF opened at $4.37 on Tuesday. The company has a market cap of $703.13 million, a price-to-earnings ratio of 33.62 and a beta of 1.56. The stock’s 50-day moving average is $3.86 and its two-hundred day moving average is $2.68. Amerigo Resources has a 1-year low of $1.11 and a 1-year high of $4.87.

Amerigo Resources Increases Dividend

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