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

Key Points

• Amerigo Resources Ltd. (TSE:ARG) achieved a new 52-week high of C$2.45, closing at C$2.44 with a trading volume of 328,571 shares.
• The company recently announced a quarterly dividend of $0.03, representing a 4.9% dividend yield and a payout ratio of 104.64%.
• Amerigo Resources primarily produces copper and molybdenum concentrates in Chile and Canada, generating most of its revenue from its operations in Chile.

Amerigo Resources Ltd. (TSE:ARG - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$2.45 and last traded at C$2.44, with a volume of 328571 shares changing hands. The stock had previously closed at C$2.36.

Amerigo Resources Price Performance

The company has a 50 day simple moving average of C$2.26 and a 200-day simple moving average of C$2.00. The stock has a market cap of C$389.19 million, a price-to-earnings ratio of 21.91, a P/E/G ratio of 0.32 and a beta of 1.79. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 14.04.

Amerigo Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 19th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.12 annualized dividend and a dividend yield of 5.0%. Amerigo Resources's dividend payout ratio (DPR) is currently 104.64%.

About Amerigo Resources

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.