Amerigo Resources (TSE:ARG) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Amerigo Resources Ltd. (TSE:ARG) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.69 and traded as high as C$4.41. Amerigo Resources shares last traded at C$4.38, with a volume of 532,518 shares traded.

Amerigo Resources Trading Up 0.2%

The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 14.04. The company’s fifty day moving average price is C$3.45 and its two-hundred day moving average price is C$2.70. The firm has a market cap of C$722.12 million, a PE ratio of 33.77, a P/E/G ratio of 0.32 and a beta of 1.80.

Amerigo Resources (TSE:ARG) last announced its quarterly earnings data on Wednesday, October 29th. The company reported C$0.04 EPS for the quarter. Amerigo Resources had a net margin of 8.12% and a return on equity of 19.29%. The firm had revenue of C$73.08 million during the quarter. As a group, sell-side analysts forecast that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current fiscal year.

Amerigo Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Thursday, January 15th will be given a $0.05 dividend. The ex-dividend date is Wednesday, December 17th. This is a positive change from Amerigo Resources’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a yield of 4.6%. 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.