Amerigo Resources (TSE:ARG) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Amerigo Resources Ltd. (TSE:ARG) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.66 and traded as high as C$1.66. Amerigo Resources shares last traded at C$1.63, with a volume of 639,828 shares traded.

Amerigo Resources Stock Performance

The stock has a market cap of C$270.51 million, a price-to-earnings ratio of 16.30, a P/E/G ratio of 0.32 and a beta of 3.11. The firm’s 50-day moving average is C$1.65 and its two-hundred day moving average is C$1.66. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 12.87.

Amerigo Resources (TSE:ARG) last released its earnings results on Wednesday, October 30th. The company reported C$0.02 earnings per share for the quarter. The business had revenue of C$61.99 million for the quarter. Amerigo Resources had a return on equity of 10.75% and a net margin of 7.16%. As a group, sell-side analysts expect that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current year.

Amerigo Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.12 annualized dividend and a yield of 7.36%. Amerigo Resources’s dividend payout ratio (DPR) 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.