Amerigo Resources (TSE:ARG) Hits New 1-Year High - Time to 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 - )'s stock price reached a new 52-week high on Monday . The stock traded as high as C$2.45 and last traded at C$2.44, with a volume of 328571 shares trading hands. The stock had previously closed at C$2.36.

Amerigo Resources Stock Up 3.0%

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 company has a market capitalization of C$392.42 million, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 0.32 and a beta of 1.79. The firm's fifty day simple moving average is C$2.25 and its two-hundred day simple moving average is C$1.99.

Amerigo Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 19th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Friday, August 29th. Amerigo Resources's dividend payout ratio 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.

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