Amerigo Resources (TSE:ARG) Hits New 52-Week High – Here’s Why

Amerigo Resources Ltd. (TSE:ARG) shares reached a new 52-week high during trading on Monday . The company traded as high as C$4.67 and last traded at C$4.67, with a volume of 180698 shares changing hands. The stock had previously closed at C$4.48.

Amerigo Resources Trading Up 2.3%

The firm has a market cap of C$806.01 million, a PE ratio of 37.69, a PEG ratio of 0.32 and a beta of 1.99. The firm has a fifty day simple moving average of C$3.78 and a two-hundred day simple moving average of C$2.87. 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 announced its earnings results on Wednesday, October 29th. The company reported C$0.04 EPS for the quarter. Amerigo Resources had a return on equity of 19.29% and a net margin of 8.12%.The company had revenue of C$73.08 million during the quarter. Equities analysts forecast that Amerigo Resources Ltd. will post 0.2850394 EPS for the current year.

Amerigo Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Thursday, January 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $0.20 annualized dividend and a dividend yield of 4.1%. This is a positive change from Amerigo Resources’s previous quarterly dividend of $0.04. Amerigo Resources’s dividend payout ratio is 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.