Amerigo Resources (TSE:ARG) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Amerigo Resources Ltd. (TSE:ARGGet Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$3.34 and traded as high as C$5.74. Amerigo Resources shares last traded at C$5.72, with a volume of 1,256,448 shares traded.

Amerigo Resources Price Performance

The stock has a fifty day moving average of C$4.73 and a 200 day moving average of C$3.34. The company has a debt-to-equity ratio of 14.04, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of C$940.89 million, a price-to-earnings ratio of 44.00, a P/E/G ratio of 0.32 and a beta of 1.99.

Amerigo Resources (TSE:ARGGet Free Report) 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 business had revenue of C$73.08 million during the quarter. On average, analysts expect that Amerigo Resources Ltd. will post 0.2850394 EPS for the current fiscal year.

Amerigo Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Thursday, January 15th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Wednesday, December 17th. This is a positive change from Amerigo Resources’s previous quarterly dividend of $0.04. Amerigo Resources’s dividend payout ratio is 66.01%.

About Amerigo Resources

(Get Free Report)

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.

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