Amerigo Resources Ltd. Plans Quarterly Dividend of $0.03 (TSE:ARG)

Key Points

• Amerigo Resources Ltd. has declared a quarterly dividend of $0.03 per share, which translates to an annualized dividend of $0.12 and a yield of 5.19% for investors of record as of August 29th.
• The company's stock opened at C$2.31, with a market capitalization of C$266.03 million and a price-to-earnings ratio of 12.95.
• Amerigo Resources, through its subsidiary, produces and sells copper and molybdenum concentrates, primarily sourced from Codelco's El Teniente underground mine in Chile.

Amerigo Resources Ltd. (TSE:ARG - Get Free Report) announced a quarterly dividend on Wednesday, July 30th, RTT News reports. Stockholders of record on Friday, August 29th will be paid a dividend of 0.03 per share on Friday, September 19th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%.

Amerigo Resources Stock Performance

Shares of TSE:ARG remained flat at C$2.15 during mid-day trading on Friday. 72,294 shares of the company were exchanged, compared to its average volume of 264,857. The stock has a fifty day moving average of C$2.08 and a 200 day moving average of C$1.88. Amerigo Resources has a 1-year low of C$1.52 and a 1-year high of C$2.44. The company has a market cap of C$247.60 million, a price-to-earnings ratio of 12.05, a PEG ratio of 0.32 and a beta of 3.11. The company has a debt-to-equity ratio of 14.04, a quick ratio of 0.91 and a current ratio of 0.91.

About Amerigo Resources

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.