Amerigo Resources (OTCMKTS:ARREF) Stock Crosses Below 50 Day Moving Average – Here’s Why

Amerigo Resources Ltd. (OTCMKTS:ARREF) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $1.27 and traded as low as $1.26. Amerigo Resources shares last traded at $1.26, with a volume of 85,140 shares trading hands.

Amerigo Resources Trading Down 0.2 %

The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.80 and a current ratio of 0.91. The stock has a fifty day moving average of $1.27 and a 200 day moving average of $1.22. The company has a market capitalization of $207.69 million, a PE ratio of 9.72, a PEG ratio of 0.30 and a beta of 2.55.

Amerigo Resources (OTCMKTS:ARREF) last issued its earnings results on Wednesday, February 26th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The company had revenue of $50.80 million for the quarter, compared to the consensus estimate of $53.20 million. Amerigo Resources had a return on equity of 19.30% and a net margin of 11.23%. As a group, sell-side analysts predict that Amerigo Resources Ltd. will post 0.14 earnings per share for the current fiscal year.

Amerigo Resources Cuts Dividend

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

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.