Amerigo Resources (TSE:ARG) Sets New 12-Month High – Still a Buy?

Amerigo Resources Ltd. (TSE:ARG) hit a new 52-week high during trading on Monday . The company traded as high as C$6.40 and last traded at C$6.36, with a volume of 447467 shares trading hands. The stock had previously closed at C$6.05.

Amerigo Resources Stock Performance

The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 14.04. The firm has a 50-day simple moving average of C$4.40 and a two-hundred day simple moving average of C$3.18. The company has a market capitalization of C$1.00 billion, a price-to-earnings ratio of 46.85, a price-to-earnings-growth ratio of 0.32 and a beta of 1.99.

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

Amerigo Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Thursday, January 15th were paid a dividend of $0.05 per share. This is a positive change from Amerigo Resources’s previous quarterly dividend of $0.04. The ex-dividend date was Wednesday, December 17th. This represents a $0.20 annualized dividend and a dividend yield of 3.3%. Amerigo Resources’s dividend payout ratio (DPR) is currently 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.