Amerigo Resources (TSE:ARG) Sets New 52-Week High Following Dividend Announcement

Amerigo Resources Ltd. (TSE:ARG)’s share price hit a new 52-week high during trading on Monday after the company announced a dividend. The stock traded as high as C$3.88 and last traded at C$3.82, with a volume of 264603 shares trading hands. The stock had previously closed at C$3.77.

The newly announced dividend which will be paid on Friday, December 19th. Investors of record on Friday, December 19th will be paid a $0.04 dividend. The ex-dividend date is Friday, November 28th. This is a boost from Amerigo Resources’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a dividend yield of 4.2%. Amerigo Resources’s dividend payout ratio is 66.01%.

Amerigo Resources Price Performance

The stock’s 50 day simple moving average is C$2.96 and its two-hundred day simple moving average is C$2.42. The stock has a market cap of C$616.90 million, a price-to-earnings ratio of 29.38, a P/E/G ratio of 0.32 and a beta of 1.90. The company has a debt-to-equity ratio of 14.04, a current ratio of 0.91 and a quick ratio of 0.91.

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

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.