Amerigo Resources Ltd. (TSE:ARG – Get Free Report) passed above its 50-day moving average during trading on Monday after an insider bought additional shares in the company. The stock has a 50-day moving average of C$8.26 and traded as high as C$8.52. Amerigo Resources shares last traded at C$8.40, with a volume of 1,233,514 shares traded.
Amerigo Resources Stock Up 6.3%
The stock has a market cap of C$1.36 billion, a PE ratio of 19.09, a P/E/G ratio of 0.32 and a beta of 1.70. The stock has a 50-day moving average of C$8.26 and a 200 day moving average of C$6.86.
Amerigo Resources (TSE:ARG – Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The company reported C$0.20 earnings per share for the quarter. The company had revenue of C$120.47 million for the quarter. Amerigo Resources had a return on equity of 68.47% and a net margin of 21.50%. Research analysts forecast that Amerigo Resources Ltd. will post 0.29 EPS for the current fiscal year.
Amerigo Resources Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 18th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, November 30th. Amerigo Resources’s payout ratio is currently 90.37%.
Amerigo Resources Company Profile
Amerigo is an innovative copper producer with a long-term relationship, through its fully-owned subsidiary Minera Valle Central (‘MVC’), with Corporación Nacional del Cobre de Chile (‘Codelco’), the world’s largest copper producer. Amerigo produces copper concentrate and molybdenum concentrate as a by-product at the MVC operation in Chile by processing fresh and historic tailings from Codelco’s El Teniente mine, the world’s largest underground copper mine.
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