Amerigo Resources Ltd. (TSE:ARG – Get Free Report)’s share price crossed above its 50 day moving average during trading on Monday following insider buying activity. The stock has a 50 day moving average of C$8.26 and traded as high as C$8.52. Amerigo Resources shares last traded at C$8.40, with a volume of 1,233,514 shares changing hands.
Amerigo Resources Trading Up 6.3%
The firm’s fifty day simple moving average is C$8.26 and its two-hundred day simple moving average is C$6.86. The company has a market capitalization of C$1.36 billion, a price-to-earnings ratio of 19.09, a price-to-earnings-growth ratio of 0.32 and a beta of 1.70.
Amerigo Resources (TSE:ARG – Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The company reported C$0.20 earnings per share (EPS) for the quarter. The business had revenue of C$120.47 million during the quarter. Amerigo Resources had a net margin of 21.50% and a return on equity of 68.47%. As a group, analysts forecast that Amerigo Resources Ltd. will post 0.29 EPS for the current fiscal year.
Amerigo Resources Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 18th will be issued a $0.04 dividend. The ex-dividend date is Monday, November 30th. This represents a $0.16 dividend on an annualized basis and a yield of 1.9%. Amerigo Resources’s dividend payout ratio is currently 90.37%.
Amerigo Resources Company Profile
Amerigo is an innovative copper producer with a long-term relationship, through its fully-owned subsidiary Minera Valle Central (‘MVC’), with Corporación Nacional del Cobre de Chile (‘Codelco’), the world’s largest copper producer. Amerigo produces copper concentrate and molybdenum concentrate as a by-product at the MVC operation in Chile by processing fresh and historic tailings from Codelco’s El Teniente mine, the world’s largest underground copper mine.
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