Amerigo Resources (TSE:ARG) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Amerigo Resources Ltd. (TSE:ARG)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.67 and traded as high as C$1.72. Amerigo Resources shares last traded at C$1.72, with a volume of 315,311 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Atrium Research raised Amerigo Resources to a “strong-buy” rating in a research report on Wednesday, January 15th.

Amerigo Resources Price Performance

The business has a fifty day moving average of C$1.64 and a 200 day moving average of C$1.67. The firm has a market cap of C$285.45 million, a P/E ratio of 17.20, a PEG ratio of 0.32 and a beta of 3.11. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 12.87.

Amerigo Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.12 annualized dividend and a dividend yield of 6.98%. Amerigo Resources’s dividend payout ratio is currently 120.00%.

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.