Amerigo Resources (OTCMKTS:ARREF) Hits New 52-Week High – Still a Buy?

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

Amerigo Resources Price Performance

The firm has a market cap of $753.71 million, a P/E ratio of 35.85 and a beta of 1.57. The company’s 50 day moving average is $3.31 and its two-hundred day moving average is $2.35.

Amerigo Resources (OTCMKTS:ARREF) last posted its quarterly 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 analyst estimates of $52.20 million. Research analysts predict that Amerigo Resources Ltd. will post 0.14 EPS for the current year.

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 $0.0288 dividend. 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 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.