Amerigo Resources (OTCMKTS:ARREF) Shares Pass Above 50 Day Moving Average – Should You Sell?

Amerigo Resources Ltd. (OTCMKTS:ARREF) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $2.17 and traded as high as $2.80. Amerigo Resources shares last traded at $2.7620, with a volume of 53,570 shares trading hands.

Amerigo Resources Stock Up 2.9%

The firm has a market capitalization of $446.04 million, a P/E ratio of 21.25 and a beta of 1.58. The business’s 50-day simple moving average is $2.17 and its 200 day simple moving average is $1.77.

Amerigo Resources (OTCMKTS:ARREF) last released its earnings results on Wednesday, October 29th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). The business had revenue of $52.48 million for the quarter, compared to the consensus estimate of $52.20 million. Amerigo Resources had a net margin of 10.39% and a return on equity of 19.68%. Sell-side 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 will be paid on Friday, December 19th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.0288 per share. This represents a dividend yield of 470.0%. This is an increase from Amerigo Resources’s previous dividend of $0.02. The ex-dividend date of this dividend is Friday, November 28th. Amerigo Resources’s payout ratio is 84.62%.

Amerigo Resources Company Profile

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.