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

Amerigo Resources Ltd. (TSE:ARG) crossed 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 changing hands.

Amerigo Resources Stock Down 5.0%

The company’s fifty day moving average price is C$5.70 and its 200-day moving average price is C$4.12. The stock has a market capitalization of C$772.55 million, a PE ratio of 22.86, a price-to-earnings-growth ratio of 0.32 and a beta of 1.86.

Amerigo Resources (TSE:ARG) last posted 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 return on equity of 33.30% and a net margin of 13.14%. Equities research analysts anticipate that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current year.

Amerigo Resources Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 20th will be issued a dividend of $0.04 per share. 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 dividend payout ratio (DPR) is presently 61.67%.

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.