Amerigo Resources (TSE:ARG) Sets New 1-Year High – What’s Next?
by Doug Wharley · The Cerbat GemShares of Amerigo Resources Ltd. (TSE:ARG – Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as C$4.49 and last traded at C$4.47, with a volume of 52918 shares traded. The stock had previously closed at C$4.39.
Amerigo Resources Stock Performance
The business has a fifty day simple moving average of C$3.55 and a 200-day simple moving average of C$2.76. The firm has a market cap of C$733.63 million, a P/E ratio of 34.31, a P/E/G ratio of 0.32 and a beta of 1.80. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 14.04.
Amerigo Resources (TSE:ARG – Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The company reported C$0.04 earnings per share for the quarter. Amerigo Resources had a net margin of 8.12% and a return on equity of 19.29%. The business had revenue of C$73.08 million for the quarter. On average, sell-side analysts predict that Amerigo Resources Ltd. will post 0.2850394 EPS for the current fiscal year.
Amerigo Resources Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Thursday, January 15th will be issued a dividend of $0.05 per share. This is an increase from Amerigo Resources’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, December 17th. Amerigo Resources’s dividend payout ratio is currently 66.01%.
Amerigo Resources Company Profile
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.