Amerigo Resources (TSE:ARG) Share Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Amerigo Resources Ltd. (TSE:ARG) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

Amerigo Resources Stock Up 2.9%

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 company has a 50 day simple moving average of C$4.73 and a two-hundred day simple moving average of C$3.34. The firm has a market capitalization of C$940.89 million, a P/E ratio of 44.00, a P/E/G ratio of 0.32 and a beta of 1.99.

Amerigo Resources (TSE:ARG) last released its earnings results on Wednesday, October 29th. The company reported C$0.04 EPS for the quarter. The firm had revenue of C$73.08 million for the quarter. Amerigo Resources had a net margin of 8.12% and a return on equity of 19.29%. On average, equities analysts predict that Amerigo Resources Ltd. will post 0.2850394 EPS for the current fiscal year.

Amerigo Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Thursday, January 15th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, December 17th. This represents a $0.20 annualized dividend and a dividend yield of 3.5%. This is a positive change 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.