Amerigo Resources (ARREF) to Release Earnings on Wednesday

Amerigo Resources (OTCMKTS:ARREF) is anticipated to issue its results before the market opens on Wednesday, October 29th. Analysts expect Amerigo Resources to post earnings of $0.06 per share and revenue of $52.20 million for the quarter.

Amerigo Resources (OTCMKTS:ARREF) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $50.85 million for the quarter, compared to analysts’ expectations of $49.40 million. Amerigo Resources had a net margin of 8.74% and a return on equity of 15.99%. On average, analysts expect Amerigo Resources to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Amerigo Resources Stock Performance

Shares of Amerigo Resources stock opened at $1.91 on Wednesday. The firm has a fifty day moving average of $1.78 and a two-hundred day moving average of $1.54. The stock has a market capitalization of $308.45 million, a price-to-earnings ratio of 17.37 and a beta of 1.89. Amerigo Resources has a 52 week low of $1.08 and a 52 week high of $2.18.

Amerigo Resources Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 19th. Investors of record on Monday, September 1st were issued a $0.0217 dividend. This represents a yield of 569.0%. The ex-dividend date was Friday, August 29th. Amerigo Resources’s dividend payout ratio is currently 81.82%.

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.