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

Amerigo Resources Ltd. (TSE:ARG) reached a new 52-week high on Tuesday . The company traded as high as C$4.30 and last traded at C$4.27, with a volume of 263547 shares traded. The stock had previously closed at C$4.22.

Amerigo Resources Trading Up 1.4%

The company has a market capitalization of C$704.02 million, a PE ratio of 32.92, a PEG ratio of 0.32 and a beta of 1.80. The company has a fifty day simple moving average of C$3.25 and a 200-day simple moving average of C$2.58. 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 (TSE:ARG) last posted its quarterly earnings results on Wednesday, October 29th. The company reported C$0.04 EPS for the quarter. The business had revenue of C$73.08 million for the quarter. Amerigo Resources had a return on equity of 19.29% and a net margin of 8.12%. Analysts predict that Amerigo Resources Ltd. will post 0.2850394 EPS for the current year.

Amerigo Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Thursday, January 15th will be paid a $0.05 dividend. This is a positive change from Amerigo Resources’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $0.20 annualized dividend and a dividend yield of 4.7%. Amerigo Resources’s dividend payout ratio is currently 66.01%.

About Amerigo Resources

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.