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Amerigo Resources (TSE:ARG) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Amerigo Resources logo with Basic Materials background

Amerigo Resources Ltd. (TSE:ARG - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.68 and traded as high as C$1.83. Amerigo Resources shares last traded at C$1.83, with a volume of 236,122 shares changing hands.

Amerigo Resources Stock Up 2.8 %

The company has a market capitalization of C$303.71 million, a P/E ratio of 18.30, a price-to-earnings-growth ratio of 0.32 and a beta of 3.11. The company has a debt-to-equity ratio of 12.87, a quick ratio of 0.91 and a current ratio of 0.97. The firm's fifty day moving average is C$1.69 and its 200-day moving average is C$1.69.

Amerigo Resources (TSE:ARG - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.08 earnings per share for the quarter. The company had revenue of C$70.60 million for the quarter. Amerigo Resources had a return on equity of 10.75% and a net margin of 7.16%. As a group, equities research analysts predict that Amerigo Resources Ltd. will post 0.2850394 EPS for the current year.

Amerigo Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 20th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 6.56%. The ex-dividend date was Friday, August 30th. Amerigo Resources's dividend payout ratio is currently 120.00%.

Amerigo Resources Company Profile

(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.

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