Amerigo Resources (TSE:ARG) Hits New 1-Year High – Here’s Why

Shares of Amerigo Resources Ltd. (TSE:ARG) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$4.30 and last traded at C$4.27, with a volume of 263547 shares. The stock had previously closed at C$4.22.

Amerigo Resources Trading Down 1.2%

The stock has a fifty day simple moving average of C$3.30 and a 200 day simple moving average of C$2.61. The firm has a market capitalization of C$700.73 million, a P/E ratio of 32.77, a PEG ratio of 0.32 and a beta of 1.80. 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 (TSE:ARG) last released its quarterly earnings data on Wednesday, October 29th. The company reported C$0.04 earnings per share for the quarter. Amerigo Resources had a return on equity of 19.29% and a net margin of 8.12%.The firm had revenue of C$73.08 million during the quarter. As a group, research analysts forecast that Amerigo Resources Ltd. will post 0.2850394 EPS for the current year.

Amerigo Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Thursday, January 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 4.7%. The ex-dividend date is Wednesday, December 17th. This is a positive change from Amerigo Resources’s previous quarterly dividend of $0.04. Amerigo Resources’s dividend payout ratio is currently 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.