Amerigo Resources (TSE:ARG) Sets New 12-Month High – Time to Buy?

Amerigo Resources Ltd. (TSE:ARG) hit a new 52-week high during trading on Monday . The stock traded as high as C$5.40 and last traded at C$5.34, with a volume of 258493 shares traded. The stock had previously closed at C$5.23.

Amerigo Resources Price Performance

The business’s 50 day moving average price is C$4.00 and its two-hundred day moving average price is C$2.99. The stock has a market cap of C$919.50 million, a P/E ratio of 43.00, a price-to-earnings-growth ratio of 0.32 and a beta of 1.99. 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 (TSE:ARG) last released its quarterly earnings results on Wednesday, October 29th. The company reported C$0.04 earnings per share (EPS) for the quarter. Amerigo Resources had a net margin of 8.12% and a return on equity of 19.29%. The company had revenue of C$73.08 million during the quarter. As a group, sell-side analysts expect that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current fiscal year.

Amerigo Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Thursday, January 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Wednesday, December 17th. This is a boost from Amerigo Resources’s previous quarterly dividend of $0.04. Amerigo Resources’s dividend payout ratio (DPR) is 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.