Amerigo Resources (TSE:ARG) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Amerigo Resources Ltd. (TSE:ARG - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$1.74 and traded as high as C$1.92. Amerigo Resources shares last traded at C$1.91, with a volume of 110,056 shares traded.

Wall Street Analysts Forecast Growth

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

Amerigo Resources Price Performance

The stock's 50-day moving average is C$1.83 and its 200 day moving average is C$1.74. 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 stock has a market capitalization of C$187.71 million, a PE ratio of 9.14, a P/E/G ratio of 0.32 and a beta of 3.11.

Amerigo Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 7.36%. The ex-dividend date of this dividend was Thursday, March 6th. Amerigo Resources's payout ratio is currently 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.