Amerigo Resources Ltd. (OTCMKTS:ARREF) Raises Dividend to $0.03 Per Share

Amerigo Resources Ltd. (OTCMKTS:ARREF) declared a dividend on Wednesday, November 26th, investing.com reports. Stockholders of record on Monday, December 1st will be paid a dividend of 0.0288 per share on Friday, December 19th. This represents a dividend yield of 470.0%. The ex-dividend date of this dividend is Friday, November 28th. This is a 32.5% increase from Amerigo Resources’s previous dividend of $0.02.

Amerigo Resources Stock Performance

Amerigo Resources stock traded up $0.10 during midday trading on Wednesday, reaching $2.55. 159,065 shares of the stock were exchanged, compared to its average volume of 105,213. The firm has a market cap of $412.53 million, a PE ratio of 19.65 and a beta of 1.88. Amerigo Resources has a 52 week low of $1.08 and a 52 week high of $2.56. The company’s fifty day moving average is $2.06 and its 200-day moving average is $1.72.

Amerigo Resources (OTCMKTS:ARREF) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates 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 19.82%. On average, sell-side analysts anticipate that Amerigo Resources will post 0.14 earnings per share for the current fiscal year.

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.