Amerigo Resources (OTCMKTS:ARREF) Sets New 1-Year High – Time to Buy?

Amerigo Resources Ltd. (OTCMKTS:ARREF) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $4.3501 and last traded at $4.2820, with a volume of 118380 shares traded. The stock had previously closed at $4.1850.

Amerigo Resources Stock Performance

The firm has a fifty day moving average price of $3.13 and a 200 day moving average price of $2.27. The firm has a market capitalization of $705.19 million, a price-to-earnings ratio of 33.54 and a beta of 1.57.

Amerigo Resources (OTCMKTS:ARREF) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The business had revenue of $52.48 million for the quarter, compared to analyst estimates of $52.20 million. Amerigo Resources had a return on equity of 19.68% and a net margin of 10.39%. Research analysts predict that Amerigo Resources Ltd. will post 0.14 earnings per share for the current fiscal year.

Amerigo Resources Increases Dividend

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