Amerigo Resources (TSE:ARG) Sets New 12-Month High – Still a Buy?

Amerigo Resources Ltd. (TSE:ARG)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$6.40 and last traded at C$6.36, with a volume of 447467 shares trading hands. The stock had previously closed at C$6.05.

Amerigo Resources Stock Up 0.7%

The firm has a 50-day moving average of C$4.40 and a two-hundred day moving average of C$3.18. The firm has a market cap of C$1.00 billion, a price-to-earnings ratio of 46.85, a PEG ratio of 0.32 and a beta of 1.99. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 14.04.

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

Amerigo Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Thursday, January 15th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.3%. The ex-dividend date was Wednesday, December 17th. This is an increase from Amerigo Resources’s previous quarterly dividend of $0.04. 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.