Amerigo Resources (TSE:ARG) Hits New 12-Month High – Here’s What Happened

Amerigo Resources Ltd. (TSE:ARG) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$2.05 and last traded at C$1.96, with a volume of 374571 shares. The stock had previously closed at C$2.00.

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 Price Performance

The stock has a market capitalization of C$219.96 million, a P/E ratio of 10.71, a price-to-earnings-growth ratio of 0.32 and a beta of 3.11. The business has a fifty day simple moving average of C$1.81 and a 200 day simple moving average of C$1.73. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 14.04.

Amerigo Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 6.28%. The ex-dividend date was Thursday, March 6th. Amerigo Resources’s dividend payout ratio (DPR) is presently 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.