Amerigo Resources (TSE:ARG) Reaches New 12-Month High – Here’s Why

Shares of Amerigo Resources Ltd. (TSE:ARG) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$4.30 and last traded at C$4.27, with a volume of 263547 shares. The stock had previously closed at C$4.22.

Amerigo Resources Trading Up 1.4%

The company has a fifty day moving average of C$3.25 and a 200-day moving average of C$2.58. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 14.04. The company has a market capitalization of C$704.02 million, a price-to-earnings ratio of 32.92, a PEG ratio of 0.32 and a beta of 1.80.

Amerigo Resources (TSE:ARG) last released its earnings results on Wednesday, October 29th. The company reported C$0.04 earnings per share for the quarter. Amerigo Resources had a return on equity of 19.29% and a net margin of 8.12%.The business had revenue of C$73.08 million for the quarter. As a group, equities research analysts anticipate that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current fiscal year.

Amerigo Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Thursday, January 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.7%. This is a positive change from Amerigo Resources’s previous quarterly dividend of $0.04. The ex-dividend date is Wednesday, December 17th. Amerigo Resources’s dividend payout ratio (DPR) is currently 66.01%.

About Amerigo Resources

Amerigo Resources Ltd is principally engaged in the production of copper and molybdenum concentrates through its operating subsidiary Minera Valle Central SA The group operates in one segment, the production of copper concentrates with the production of molybdenum concentrates as a by-product. The company geographically operates in Chile and Canada and earns most of its revenue from Chile.