Amerigo Resources (OTCMKTS:ARREF) Reaches New 52-Week High – Time to Buy?

Amerigo Resources Ltd. (OTCMKTS:ARREF) shares reached a new 52-week high on Thursday . The company traded as high as $4.11 and last traded at $3.98, with a volume of 276144 shares traded. The stock had previously closed at $4.0090.

Amerigo Resources Stock Performance

The company’s 50-day moving average price is $2.92 and its 200 day moving average price is $2.17. The stock has a market capitalization of $643.73 million, a P/E ratio of 30.62 and a beta of 1.57.

Amerigo Resources (OTCMKTS:ARREF) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The business had revenue of $52.48 million during the quarter, compared to analysts’ expectations of $52.20 million. Amerigo Resources had a return on equity of 19.68% and a net margin of 10.39%. Analysts predict that Amerigo Resources Ltd. will post 0.14 earnings per share for the current 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 given a dividend of $0.0288 per share. This is an increase from Amerigo Resources’s previous dividend of $0.02. This represents a dividend yield of 470.0%. The ex-dividend date was Friday, November 28th. Amerigo Resources’s dividend payout ratio (DPR) is 92.31%.

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.