Amerigo Resources (TSE:ARG) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Amerigo Resources Ltd. (TSE:ARG)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.69 and traded as high as C$1.84. Amerigo Resources shares last traded at C$1.82, with a volume of 100,807 shares traded.

Analyst Ratings Changes

Separately, Atrium Research upgraded shares of Amerigo Resources to a “strong-buy” rating in a research report on Wednesday, January 15th.

Amerigo Resources Stock Performance

The company has a market cap of C$209.60 million, a P/E ratio of 10.20, a price-to-earnings-growth ratio of 0.32 and a beta of 3.11. The company’s fifty day moving average is C$1.67 and its 200 day moving average is C$1.69. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were paid a dividend of $0.03 per share. The ex-dividend date was Friday, November 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 6.59%. Amerigo Resources’s dividend payout ratio (DPR) is currently 67.27%.

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.