Amerigo Resources (OTCMKTS:ARREF) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Amerigo Resources Ltd. (OTCMKTS:ARREF)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.15 and traded as low as $1.12. Amerigo Resources shares last traded at $1.15, with a volume of 94,794 shares trading hands.

Amerigo Resources Trading Down 1.7 %

The firm has a market cap of $189.21 million, a price-to-earnings ratio of 8.85, a price-to-earnings-growth ratio of 0.28 and a beta of 3.05. 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 company has a 50 day moving average price of $1.15 and a 200 day moving average price of $1.20.

Amerigo Resources (OTCMKTS:ARREF) last posted its earnings results on Wednesday, October 30th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Amerigo Resources had a net margin of 11.23% and a return on equity of 19.30%. The company had revenue of $45.44 million during the quarter, compared to analyst estimates of $46.13 million. On average, research analysts expect that Amerigo Resources Ltd. will post 0.14 earnings per share for the current year.

Amerigo Resources Cuts Dividend

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

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.