Amerigo Resources (TSE:ARG) Shares Cross Above 200 Day Moving Average – Here’s Why

Amerigo Resources Ltd. (TSE:ARG) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$3.48 and traded as high as C$5.72. Amerigo Resources shares last traded at C$5.54, with a volume of 685,880 shares changing hands.

Amerigo Resources Stock Down 2.1%

The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 14.04. The firm has a 50 day moving average of C$4.98 and a two-hundred day moving average of C$3.48. The stock has a market capitalization of C$911.28 million, a PE ratio of 42.62, a P/E/G ratio of 0.32 and a beta of 2.04.

Amerigo Resources (TSE:ARG) last announced its earnings results on Wednesday, October 29th. The company reported C$0.04 earnings per share (EPS) for the quarter. The company had revenue of C$73.08 million during the quarter. Amerigo Resources had a net margin of 8.12% and a return on equity of 19.29%. Equities research analysts anticipate that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current year.

Amerigo Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Thursday, January 15th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Wednesday, December 17th. This is an increase from Amerigo Resources’s previous quarterly dividend of $0.04. Amerigo Resources’s dividend payout ratio 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.