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.

Analysts Set New Price Targets

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

Amerigo Resources Stock Performance

The firm has a market capitalization of C$216.51 million, a P/E ratio of 10.54, a price-to-earnings-growth ratio of 0.32 and a beta of 3.11. The stock’s 50-day simple moving average is C$1.74 and its two-hundred day simple moving average is C$1.71. The company has a debt-to-equity ratio of 14.04, a current ratio of 0.91 and a quick ratio of 0.91.

Amerigo Resources Announces Dividend

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