Amerigo Resources (TSE:ARG) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Amerigo Resources Ltd. (TSE:ARG) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.68 and traded as high as C$1.83. Amerigo Resources shares last traded at C$1.83, with a volume of 236,122 shares trading hands.

Amerigo Resources Price Performance

The business has a 50-day moving average of C$1.69 and a 200 day moving average of C$1.69. The firm has a market capitalization of C$303.71 million, a P/E ratio of 18.30, a price-to-earnings-growth ratio of 0.32 and a beta of 3.11. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 12.87.

Amerigo Resources (TSE:ARG) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.08 EPS for the quarter. Amerigo Resources had a return on equity of 10.75% and a net margin of 7.16%. The firm had revenue of C$70.60 million during the quarter. On average, sell-side analysts predict that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current fiscal year.

Amerigo Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 20th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 6.56%. The ex-dividend date of this dividend was Friday, August 30th. Amerigo Resources’s dividend payout ratio (DPR) is 120.00%.

About Amerigo Resources

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.