Amerigo Resources (OTCMKTS:ARREF) Trading Down 2.7% – What’s Next?

Amerigo Resources Ltd. (OTCMKTS:ARREF) fell 2.7% on Friday . The stock traded as low as $1.11 and last traded at $1.12. 101,894 shares were traded during trading, an increase of 56% from the average session volume of 65,173 shares. The stock had previously closed at $1.15.

Amerigo Resources Stock Down 2.7 %

The company has a current ratio of 0.97, a quick ratio of 0.84 and a debt-to-equity ratio of 0.06. The firm has a market cap of $183.78 million, a price-to-earnings ratio of 8.59, a PEG ratio of 0.42 and a beta of 3.04. The firm has a 50-day moving average of $1.24 and a two-hundred day moving average of $1.22.

Amerigo Resources (OTCMKTS:ARREF) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Amerigo Resources had a return on equity of 19.24% and a net margin of 11.23%. The business had revenue of $45.44 million for the quarter, compared to analyst estimates of $46.13 million. As a group, sell-side analysts predict that Amerigo Resources Ltd. will post 0.14 earnings per share for the current fiscal year.

Amerigo Resources Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, December 2nd will be issued a $0.0216 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a yield of 7.01%. Amerigo Resources’s dividend payout ratio (DPR) is 69.24%.

Amerigo Resources Company Profile

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.