Amerigo Resources (TSE:ARG) Rating Increased to Strong-Buy at Atrium Research

Atrium Research upgraded shares of Amerigo Resources (TSE:ARG) to a strong-buy rating in a research note issued to investors on Wednesday,Zacks.com reports.

Amerigo Resources Price Performance

TSE ARG opened at C$1.68 on Wednesday. The company has a 50-day moving average price of C$1.65 and a 200-day moving average price of C$1.66. Amerigo Resources has a 52 week low of C$1.22 and a 52 week high of C$2.05. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 12.87. The firm has a market capitalization of C$278.81 million, a P/E ratio of 16.80, a PEG ratio of 0.32 and a beta of 3.11.

Amerigo Resources (TSE:ARG) last announced its earnings results on Wednesday, October 30th. The company reported C$0.02 EPS for the quarter. The business had revenue of C$61.99 million during the quarter. Amerigo Resources had a net margin of 7.16% and a return on equity of 10.75%. Equities research analysts anticipate that Amerigo Resources will post 0.2850394 earnings per share for the current year.

Amerigo Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 7.14%. The ex-dividend date was Friday, November 29th. Amerigo Resources’s dividend payout ratio is presently 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.