Amerigo Resources (TSE:ARG) Hits New 52-Week High – Time to Buy?

Amerigo Resources Ltd. (TSE:ARG)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$6.92 and last traded at C$6.92, with a volume of 433170 shares trading hands. The stock had previously closed at C$6.71.

Amerigo Resources Stock Performance

The firm has a market cap of C$1.16 billion, a P/E ratio of 25.54, a P/E/G ratio of 0.32 and a beta of 2.11. The firm has a fifty day moving average of C$5.68 and a 200-day moving average of C$4.95.

Amerigo Resources (TSE:ARG) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$0.13 EPS for the quarter. Amerigo Resources had a return on equity of 42.44% and a net margin of 15.26%.The firm had revenue of C$91.99 million during the quarter. Equities research analysts expect that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current year.

Amerigo Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 18th will be given a dividend of $0.04 per share. The ex-dividend date is Friday, May 29th. This represents a $0.16 annualized dividend and a dividend yield of 2.2%. Amerigo Resources’s dividend payout ratio is currently 49.30%.

Insider Buying and Selling at Amerigo Resources

In related news, Director Christian Caceres sold 34,381 shares of Amerigo Resources stock in a transaction dated Thursday, March 26th. The shares were sold at an average price of C$4.81, for a total value of C$165,372.61. Following the sale, the director directly owned 89,200 shares in the company, valued at C$429,052. This trade represents a 27.82% decrease in their position. Over the last 90 days, insiders have sold 123,581 shares of company stock valued at $591,477. 12.95% of the stock is owned by company insiders.

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.