Amerigo Resources (OTCMKTS:ARREF) Stock Passes Below 200-Day Moving Average – Here’s Why

Amerigo Resources Ltd. (OTCMKTS:ARREF) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.20 and traded as low as $1.15. Amerigo Resources shares last traded at $1.15, with a volume of 81,447 shares changing hands.

Amerigo Resources Stock Performance

The stock has a market capitalization of $188.39 million, a price-to-earnings ratio of 8.50, a P/E/G ratio of 0.26 and a beta of 3.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.84 and a current ratio of 0.97. The stock has a fifty day simple moving average of $1.16 and a two-hundred day simple moving average of $1.20.

Amerigo Resources (OTCMKTS:ARREF) last issued its earnings results on Wednesday, October 30th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The business had revenue of $45.44 million during the quarter, compared to the consensus estimate of $46.13 million. Amerigo Resources had a return on equity of 19.24% and a net margin of 11.23%. Analysts forecast that Amerigo Resources Ltd. will post 0.14 earnings per share for the current fiscal year.

Amerigo Resources Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 2nd were given a dividend of $0.0216 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a dividend yield of 7.01%. Amerigo Resources’s dividend payout ratio (DPR) is presently 69.24%.

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.