Amerigo Resources Ltd. (ARREF) To Go Ex-Dividend on November 28th

Amerigo Resources Ltd. (OTCMKTS:ARREF) declared a dividend on Wednesday, November 26th, investing.com reports. Investors of record on Monday, December 1st will be paid a dividend of 0.0288 per share on Friday, December 19th. This represents a yield of 470.0%. The ex-dividend date of this dividend is Friday, November 28th. This is a 32.5% increase from Amerigo Resources’s previous dividend of $0.02.

Amerigo Resources Trading Up 4.5%

ARREF stock traded up $0.11 on Wednesday, hitting $2.56. The company had a trading volume of 172,555 shares, compared to its average volume of 105,316. Amerigo Resources has a 12-month low of $1.08 and a 12-month high of $2.58. The stock has a market cap of $413.58 million, a price-to-earnings ratio of 19.70 and a beta of 1.88. The stock’s 50-day simple moving average is $2.06 and its 200 day simple moving average is $1.72.

Amerigo Resources (OTCMKTS:ARREF) last announced its earnings results 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 company had revenue of $52.48 million for the quarter, compared to analysts’ expectations of $52.20 million. Amerigo Resources had a net margin of 10.39% and a return on equity of 19.82%. Research analysts forecast that Amerigo Resources will post 0.14 earnings per share for the current year.

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.