Amerigo Resources (OTCMKTS:ARREF) Hits New 12-Month High – What’s Next?

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

Amerigo Resources Stock Up 4.2%

The firm’s fifty day simple moving average is $3.13 and its 200-day simple moving average is $2.27. The company has a market cap of $705.19 million, a PE ratio of 33.54 and a beta of 1.57.

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

Amerigo Resources Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, November 28th. This represents a yield of 470.0%. This is a boost from Amerigo Resources’s previous dividend of $0.02. Amerigo Resources’s dividend payout ratio (DPR) is 100.00%.

Amerigo Resources Company Profile

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.