Amerigo Resources (TSE:ARG) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Amerigo Resources Ltd. (TSE:ARG)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$1.69 and traded as high as C$1.79. Amerigo Resources shares last traded at C$1.74, with a volume of 196,941 shares trading hands.

Amerigo Resources Stock Performance

The company has a debt-to-equity ratio of 12.87, a current ratio of 0.97 and a quick ratio of 0.91. The stock has a 50-day moving average price of C$1.71 and a 200-day moving average price of C$1.70. The company has a market capitalization of C$285.45 million, a price-to-earnings ratio of 17.30, a PEG ratio of 0.32 and a beta of 3.11.

Amerigo Resources (TSE:ARG) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.08 earnings per share (EPS) for the quarter. Amerigo Resources had a return on equity of 10.75% and a net margin of 7.16%. The business had revenue of C$70.60 million during the quarter. As a group, analysts forecast that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current year.

Amerigo Resources Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 20th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 6.98%. The ex-dividend date of this dividend was Friday, August 30th. Amerigo Resources’s dividend payout ratio is presently 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.