Amerigo Resources (TSE:ARG) Hits New 12-Month High - Here's Why

Amerigo Resources Ltd. (TSE:ARG - Get Free Report)'s stock price 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 changing hands. The stock had previously closed at C$2.00.

Wall Street Analyst Weigh In

Separately, Atrium Research raised Amerigo Resources to a "strong-buy" rating in a research report on Wednesday, January 15th.

Amerigo Resources Stock Down 2.1 %

The business's 50 day simple moving average is C$1.81 and its 200-day simple moving average is C$1.73. The company has a debt-to-equity ratio of 14.04, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of C$219.96 million, a price-to-earnings ratio of 10.71, a price-to-earnings-growth ratio of 0.32 and a beta of 3.11.

Amerigo Resources Dividend Announcement

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