Amerigo Resources (TSE:ARG) Reaches New 52-Week High Following Dividend Announcement

Shares of Amerigo Resources Ltd. (TSE:ARG) hit a new 52-week high during trading on Monday following a dividend announcement from the company. The stock traded as high as C$3.88 and last traded at C$3.82, with a volume of 264603 shares changing hands. The stock had previously closed at C$3.77.

The newly announced dividend which will be paid on Friday, December 19th. Shareholders of record on Friday, December 19th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Friday, November 28th. This is a boost from Amerigo Resources’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a yield of 4.3%. Amerigo Resources’s payout ratio is currently 66.01%.

Amerigo Resources Stock Up 0.3%

The firm’s 50-day simple moving average is C$3.01 and its 200 day simple moving average is C$2.45. The company has a debt-to-equity ratio of 14.04, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of C$605.59 million, a P/E ratio of 28.85, a PEG ratio of 0.32 and a beta of 1.90.

Amerigo Resources (TSE:ARG) last announced its quarterly earnings data 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 company had revenue of C$73.08 million during the quarter. As a group, research analysts expect that Amerigo Resources Ltd. will post 0.2850394 EPS for the current year.

Amerigo Resources Company Profile

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.