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

Shares of Amerigo Resources Ltd. (OTCMKTS:ARREF) fell 2.7% on Friday . The company traded as low as $1.11 and last traded at $1.12. 101,894 shares changed hands 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 Trading Down 2.7 %

The company has a market capitalization of $183.78 million, a PE ratio of 8.59, a P/E/G ratio of 0.42 and a beta of 3.04. The company has a quick ratio of 0.84, a current ratio of 0.97 and a debt-to-equity ratio of 0.06. The firm’s 50 day simple moving average is $1.24 and its 200-day simple moving average is $1.22.

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

Amerigo Resources Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.0216 per share. This represents a dividend yield of 7.01%. The ex-dividend date is Friday, November 29th. Amerigo Resources’s payout ratio is 69.24%.

About Amerigo Resources

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.