Amerigo Resources (TSE:ARG) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Amerigo Resources Ltd. (TSE:ARG)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.68 and traded as high as C$1.83. Amerigo Resources shares last traded at C$1.83, with a volume of 236,122 shares changing hands.

Amerigo Resources Price Performance

The firm has a market cap of C$303.71 million, a P/E ratio of 18.30, a P/E/G ratio of 0.32 and a beta of 3.11. The company has a fifty day moving average of C$1.69 and a 200-day moving average of C$1.69. The company has a debt-to-equity ratio of 12.87, a current ratio of 0.97 and a quick ratio of 0.91.

Amerigo Resources (TSE:ARG) last posted its earnings results on Wednesday, July 31st. The company reported C$0.08 earnings per share (EPS) for the quarter. Amerigo Resources had a net margin of 7.16% and a return on equity of 10.75%. The firm had revenue of C$70.60 million during the quarter. On average, sell-side analysts anticipate that Amerigo Resources Ltd. will post 0.2850394 EPS for the current fiscal year.

Amerigo Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 20th were paid a $0.03 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.12 annualized dividend and a yield of 6.56%. Amerigo Resources’s dividend payout ratio (DPR) is 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.