Amerigo Resources (TSE:ARG) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Amerigo Resources Ltd. (TSE:ARG - Get Free Report) crossed 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.

Analyst Ratings Changes

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

Amerigo Resources Price Performance

The firm has a market cap of C$219.96 million, a PE ratio of 10.71, a price-to-earnings-growth ratio of 0.32 and a beta of 3.11. The stock has a 50 day simple moving average of C$1.75 and a two-hundred day simple moving average of C$1.71. The company has a debt-to-equity ratio of 14.04, a quick ratio of 0.91 and a current ratio of 0.91.

Amerigo Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date of this dividend is Thursday, March 6th. Amerigo Resources's payout ratio is presently 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.