Amerigo Resources (TSE:ARG) Reaches New 52-Week High – Still a Buy?

Amerigo Resources Ltd. (TSE:ARG) shares hit a new 52-week high during trading on Monday . The stock traded as high as C$4.67 and last traded at C$4.67, with a volume of 180698 shares trading hands. The stock had previously closed at C$4.48.

Amerigo Resources Stock Performance

The stock has a fifty day simple moving average of C$3.70 and a two-hundred day simple moving average of C$2.83. 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 cap of C$761.59 million, a price-to-earnings ratio of 35.62, a P/E/G ratio of 0.32 and a beta of 1.99.

Amerigo Resources (TSE:ARG) last announced its quarterly earnings data on Wednesday, October 29th. The company reported C$0.04 earnings per share for the quarter. The business had revenue of C$73.08 million during the quarter. Amerigo Resources had a return on equity of 19.29% and a net margin of 8.12%. Analysts expect that Amerigo Resources Ltd. will post 0.2850394 EPS for the current fiscal year.

Amerigo Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Thursday, January 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, December 17th. This is a boost from Amerigo Resources’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.3%. Amerigo Resources’s payout ratio is presently 66.01%.

Amerigo Resources Company Profile

Amerigo Resources Ltd is principally engaged in the production of copper and molybdenum concentrates through its operating subsidiary Minera Valle Central SA The group operates in one segment, the production of copper concentrates with the production of molybdenum concentrates as a by-product. The company geographically operates in Chile and Canada and earns most of its revenue from Chile.