Amerigo Resources (TSE:ARG) Hits New 12-Month High - Time to Buy?

Shares of Amerigo Resources Ltd. (TSE:ARG - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as C$2.34 and last traded at C$2.31, with a volume of 128944 shares trading hands. The stock had previously closed at C$2.28.

Amerigo Resources Trading Up 0.4%

The company has a market cap of C$268.33 million, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 0.32 and a beta of 3.11. The company's 50 day moving average price is C$1.98 and its 200 day moving average price is C$1.84. The company has a debt-to-equity ratio of 14.04, a quick ratio of 0.91 and a current ratio of 0.91.

Amerigo Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 20th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date of this dividend was Friday, May 30th. 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.