Amerigo Resources (OTCMKTS:ARREF) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Shares of Amerigo Resources Ltd. (OTCMKTS:ARREF) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $1.22 and traded as high as $1.35. Amerigo Resources shares last traded at $1.32, with a volume of 158,214 shares traded.

Amerigo Resources Trading Up 0.4 %

The stock has a market capitalization of $225.21 million, a P/E ratio of 10.50, a price-to-earnings-growth ratio of 0.30 and a beta of 2.92. The stock has a 50-day moving average price of $1.23 and a two-hundred day moving average price of $1.22. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.80 and a current ratio of 0.91.

Amerigo Resources (OTCMKTS:ARREF) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). Amerigo Resources had a net margin of 11.23% and a return on equity of 19.30%. The firm had revenue of $50.80 million for the quarter, compared to the consensus estimate of $53.20 million. On average, research analysts forecast that Amerigo Resources Ltd. will post 0.14 EPS for the current fiscal year.

Amerigo Resources Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be given a dividend of $0.0209 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a dividend yield of 6.75%. Amerigo Resources’s dividend payout ratio is presently 61.54%.

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.