Amerigo Resources (TSE:ARG) Sets New 12-Month High – Here’s What Happened

Amerigo Resources Ltd. (TSE:ARG) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$5.69 and last traded at C$5.60, with a volume of 165666 shares. The stock had previously closed at C$5.65.

Amerigo Resources Price Performance

The stock has a market capitalization of C$911.28 million, a price-to-earnings ratio of 42.62, a P/E/G ratio of 0.32 and a beta of 1.99. The company’s 50-day simple moving average is C$4.20 and its 200-day simple moving average is C$3.08. The company has a debt-to-equity ratio of 14.04, a current ratio of 0.91 and a quick ratio of 0.91.

Amerigo Resources (TSE:ARG) last posted its earnings results on Wednesday, October 29th. The company reported C$0.04 EPS for the quarter. The company had revenue of C$73.08 million for the quarter. Amerigo Resources had a return on equity of 19.29% and a net margin of 8.12%. Research analysts forecast that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current fiscal year.

Amerigo Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Thursday, January 15th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 3.6%. This is a boost from Amerigo Resources’s previous quarterly dividend of $0.04. The ex-dividend date was Wednesday, December 17th. Amerigo Resources’s dividend payout ratio is currently 66.01%.

About Amerigo Resources

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.