Amerigo Resources (TSE:ARG) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Amerigo Resources Ltd. (TSE:ARG)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$1.72 and traded as high as C$1.96. Amerigo Resources shares last traded at C$1.91, with a volume of 294,399 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Atrium Research raised Amerigo Resources to a “strong-buy” rating in a research report on Wednesday, January 15th.

Amerigo Resources Stock Performance

The firm has a market cap of C$219.96 million, a price-to-earnings ratio of 10.71, a PEG ratio of 0.32 and a beta of 3.11. The stock’s fifty day moving average is C$1.78 and its two-hundred day moving average is C$1.72. The company has a debt-to-equity ratio of 14.04, a quick ratio of 0.91 and a current ratio of 0.91.

Amerigo Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a $0.03 dividend. The ex-dividend date was Thursday, March 6th. This represents a $0.12 annualized dividend and a dividend yield of 6.28%. Amerigo Resources’s payout ratio is currently 67.27%.

Amerigo Resources Company Profile

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.