Amerigo Resources (TSE:ARG) Sets New 1-Year High – Time to Buy?

Amerigo Resources Ltd. (TSE:ARG) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as C$2.05 and last traded at C$1.96, with a volume of 374571 shares traded. The stock had previously closed at C$2.00.

Analysts Set New Price Targets

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

Amerigo Resources Trading Down 1.5 %

The stock has a market capitalization of C$226.87 million, a PE ratio of 11.04, a PEG ratio of 0.32 and a beta of 3.11. The business’s 50-day moving average is C$1.79 and its two-hundred day moving average is C$1.72. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 14.04.

Amerigo Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 6.09%. The ex-dividend date was Thursday, March 6th. Amerigo Resources’s dividend payout ratio (DPR) is presently 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.