Amerigo Resources Ltd. (OTCMKTS:ARREF – Get Rating) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 48,200 shares, an increase of 65.1% from the April 30th total of 29,200 shares. Based on an average daily trading volume, of 234,900 shares, the days-to-cover ratio is currently 0.2 days.
Separately, Zacks Investment Research upgraded Amerigo Resources from a “hold” rating to a “buy” rating and set a $1.50 target price on the stock in a report on Thursday, April 14th.
Shares of OTCMKTS:ARREF opened at $1.34 on Friday. The business’s fifty day moving average price is $1.36 and its two-hundred day moving average price is $1.26. The stock has a market cap of $233.36 million, a PE ratio of 5.36, a price-to-earnings-growth ratio of 0.32 and a beta of 2.99. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.29 and a current ratio of 1.42. Amerigo Resources has a one year low of $0.86 and a one year high of $1.66.
The firm also recently disclosed a dividend, which will be paid on Monday, June 20th. Stockholders of record on Friday, May 27th will be issued a dividend of $0.0234 per share. This represents a dividend yield of 7.14%. The ex-dividend date of this dividend is Thursday, May 26th. Amerigo Resources’s dividend payout ratio (DPR) is 36.00%.
Amerigo Resources Company Profile (Get Rating)
Amerigo Resources Ltd., through its subsidiary, Minera Valle Central SA, produces and sells 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. in March 2002.
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