Amerigo Resources (OTCMKTS:ARREF) Hits New 12-Month High – Here’s Why

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

Amerigo Resources Price Performance

The company has a market cap of $643.40 million, a PE ratio of 30.60 and a beta of 1.57. The company has a fifty day moving average price of $2.99 and a 200 day moving average price of $2.20.

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). Amerigo Resources had a net margin of 10.39% and a return on equity of 19.68%. The company had revenue of $52.48 million during the quarter, compared to analysts’ expectations of $52.20 million. As a group, sell-side analysts predict that Amerigo Resources Ltd. will post 0.14 EPS for the current fiscal year.

Amerigo Resources Increases Dividend

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