Amerigo Resources (TSE:ARG) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Amerigo Resources Ltd. (TSE:ARG) shares crossed 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 changing hands.

Wall Street Analyst Weigh In

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

Amerigo Resources Stock Up 1.7 %

The company has a market cap of C$209.60 million, a PE ratio of 10.20, a P/E/G ratio of 0.32 and a beta of 3.11. The stock has a 50-day moving average of C$1.67 and a 200-day moving average of C$1.69. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 14.04.

Amerigo Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were given 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 presently 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.