Amerigo Resources (TSE:ARG) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Amerigo Resources Ltd. (TSE:ARG) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.72 and traded as high as C$1.96. Amerigo Resources shares last traded at C$1.91, with a volume of 294,399 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Atrium Research upgraded shares of Amerigo Resources to a “strong-buy” rating in a research note on Wednesday, January 15th.

Amerigo Resources Stock Down 2.6 %

The stock’s 50 day simple moving average is C$1.78 and its two-hundred day simple moving average is C$1.72. The firm has a market cap of C$219.96 million, a P/E ratio of 10.71, a P/E/G ratio of 0.32 and a beta of 3.11. The company has a debt-to-equity ratio of 14.04, a current ratio of 0.91 and a quick ratio of 0.91.

Amerigo Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date of this dividend was Thursday, March 6th. Amerigo Resources’s dividend payout ratio (DPR) is presently 67.27%.

Amerigo Resources Company Profile

Amerigo Resources Ltd., through its subsidiary, Minera Valle Central SA, engages in the production and sale of copper and molybdenum concentrates from Codelco's El Teniente underground mine in Chile. The company was formerly known as Golden Temple Mining Corp. and changed its name to Amerigo Resources Ltd.