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Amerigo Resources (TSE:ARG) Shares Pass Above 200-Day Moving Average - Here's Why

Amerigo Resources logo with Basic Materials background

Amerigo Resources Ltd. (TSE:ARG - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.68 and traded as high as C$1.85. Amerigo Resources shares last traded at C$1.83, with a volume of 197,233 shares trading hands.

Analyst Ratings Changes

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

Get Our Latest Stock Analysis on ARG

Amerigo Resources Trading Down 2.1 %

The stock has a 50 day moving average of C$1.66 and a 200-day moving average of C$1.68. The company has a market capitalization of C$210.75 million, a P/E ratio of 10.26, a P/E/G ratio of 0.32 and a beta of 3.11. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were paid a dividend of $0.03 per share. The ex-dividend date was Friday, November 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 6.56%. Amerigo Resources's dividend payout ratio (DPR) is presently 67.27%.

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.

Further Reading

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