Amerigo Resources (TSE:ARG) Stock Price Passes 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 Thursday . The stock has a 200-day moving average of C$4.12 and traded as high as C$4.83. Amerigo Resources shares last traded at C$4.80, with a volume of 1,469,403 shares.

Amerigo Resources Stock Down 5.2%

The company’s fifty day moving average is C$5.69 and its 200 day moving average is C$4.13. The stock has a market cap of C$732.31 million, a PE ratio of 21.67, a price-to-earnings-growth ratio of 0.32 and a beta of 1.86.

Amerigo Resources (TSE:ARG) last released its quarterly earnings data on Wednesday, February 25th. The company reported C$0.14 EPS for the quarter. Amerigo Resources had a return on equity of 33.30% and a net margin of 13.14%.The company had revenue of C$106.61 million for the quarter. Equities analysts expect that Amerigo Resources Ltd. will post 0.2850394 EPS for the current year.

Amerigo Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 20th were paid a $0.04 dividend. The ex-dividend date was Friday, March 6th. This represents a $0.16 annualized dividend and a dividend yield of 3.5%. Amerigo Resources’s payout ratio is 61.67%.

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.