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Amerigo Resources (TSE:ARG) Stock Price Crosses Above 200 Day Moving Average - What's Next?

Amerigo Resources logo with Basic Materials background

Amerigo Resources Ltd. (TSE:ARG - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.67 and traded as high as C$1.72. Amerigo Resources shares last traded at C$1.72, with a volume of 315,311 shares traded.

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on Amerigo Resources

Amerigo Resources Trading Up 0.6 %

The firm's 50-day moving average is C$1.64 and its 200 day moving average is C$1.67. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 12.87. The firm has a market capitalization of C$297.07 million, a price-to-earnings ratio of 17.90, a P/E/G ratio of 0.32 and a beta of 3.11.

Amerigo Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were given a dividend of $0.03 per share. The ex-dividend date was Friday, November 29th. This represents a $0.12 annualized dividend and a yield of 6.70%. Amerigo Resources's dividend payout ratio is presently 120.00%.

About Amerigo Resources

(Get Free Report)

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.

See Also

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