Amerigo Resources (TSE:ARG) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Amerigo Resources Ltd. (TSE:ARG)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$1.71 and traded as high as C$1.90. Amerigo Resources shares last traded at C$1.88, with a volume of 318,126 shares traded.

Wall Street Analyst Weigh In

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

Amerigo Resources Price Performance

The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 14.04. The business has a 50-day moving average price of C$1.74 and a two-hundred day moving average price of C$1.71. The company has a market capitalization of C$216.51 million, a price-to-earnings ratio of 10.54, a price-to-earnings-growth ratio of 0.32 and a beta of 3.11.

Amerigo Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 6.38%. The ex-dividend date of this dividend is Thursday, March 6th. Amerigo Resources’s payout ratio is currently 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.