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

Amerigo Resources Ltd. (TSE:ARG) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.71 and traded as high as C$1.90. Amerigo Resources shares last traded at C$1.88, with a volume of 318,126 shares trading hands.

Wall Street Analysts Forecast Growth

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

Amerigo Resources Stock Performance

The company has a debt-to-equity ratio of 14.04, a current ratio of 0.91 and a quick ratio of 0.91. The stock’s fifty day moving average price is C$1.74 and its 200 day moving average price is C$1.71. The stock has a market capitalization of C$216.51 million, a P/E ratio of 10.54, a PEG ratio of 0.32 and a beta of 3.11.

Amerigo Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 6.38%. The ex-dividend date is Thursday, March 6th. Amerigo Resources’s payout ratio is 67.27%.

About Amerigo Resources

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.