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

Key Points

• Amerigo Resources Ltd. shares reached a new 12-month high of C$2.54, closing at C$2.48 with a trading volume of 445,036 shares.
• The company announced a quarterly dividend of $0.03 per share, resulting in an annualized yield of 4.8%, despite a payout ratio of 104.64%.
• Amerigo Resources operates primarily in Chile and Canada, focusing on the production of copper and molybdenum concentrates through its subsidiary Minera Valle Central SA.

Shares of Amerigo Resources Ltd. (TSE:ARG - ) reached a new 52-week high on Monday . The company traded as high as C$2.54 and last traded at C$2.48, with a volume of 445036 shares. The stock had previously closed at C$2.41.

Amerigo Resources Stock Performance

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 stock has a market capitalization of C$403.73 million, a P/E ratio of 22.73, a P/E/G ratio of 0.32 and a beta of 1.79. The company's 50-day moving average is C$2.26 and its two-hundred day moving average is C$2.00.

Amerigo Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 19th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Friday, August 29th. Amerigo Resources's payout ratio is 104.64%.

Amerigo Resources Company Profile

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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