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

Amerigo Resources Ltd. (TSE:ARG)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$4.01 and traded as high as C$5.67. Amerigo Resources shares last traded at C$5.63, with a volume of 897,968 shares traded.

Amerigo Resources Stock Up 2.4%

The stock has a market capitalization of C$906.13 million, a PE ratio of 26.81, a PEG ratio of 0.32 and a beta of 1.86. The business’s 50-day moving average is C$5.65 and its two-hundred day moving average is C$4.01.

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

Amerigo Resources Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 20th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, March 6th. Amerigo Resources’s dividend payout ratio (DPR) is currently 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.