Amerigo Resources (TSE:ARG) Shares Cross Above 200-Day Moving Average – Should You Sell?

Amerigo Resources Ltd. (TSE:ARG)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.12 and traded as high as C$4.83. Amerigo Resources shares last traded at C$4.80, with a volume of 1,469,403 shares.

Amerigo Resources Stock Down 5.0%

The stock has a market cap of C$772.55 million, a PE ratio of 22.86, a PEG ratio of 0.32 and a beta of 1.86. The stock’s fifty day moving average price is C$5.70 and its 200 day moving average price is C$4.12.

Amerigo Resources (TSE:ARG) last announced its quarterly earnings data on Wednesday, February 25th. The company reported C$0.14 earnings per share for the quarter. The company had revenue of C$106.61 million during the quarter. Amerigo Resources had a net margin of 13.14% and a return on equity of 33.30%. On average, equities research analysts expect that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current fiscal year.

Amerigo Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 20th will be paid a $0.04 dividend. The ex-dividend date is Friday, March 6th. This represents a $0.16 annualized dividend and a dividend yield of 3.3%. Amerigo Resources’s payout ratio is currently 61.67%.

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.