Amerigo Resources (TSE:ARG) Reaches New 52-Week High - Still a Buy?

Key Points

• Amerigo Resources Ltd. reached a new 52-week high of C$2.78 during trading, closing at C$2.71 with a volume of 227,632 shares.
• The company has a market capitalization of C$439.26 million, a PE ratio of 24.73, and a high debt-to-equity ratio of 14.04.
• Amerigo recently announced a quarterly dividend of $0.03 per share, resulting in an annualized dividend yield of 4.4%, despite a payout ratio exceeding 100%.

Shares of Amerigo Resources Ltd. (TSE:ARG - ) hit a new 52-week high during trading on Monday . The stock traded as high as C$2.78 and last traded at C$2.71, with a volume of 227632 shares changing hands. The stock had previously closed at C$2.76.

Amerigo Resources Price Performance

The company has a debt-to-equity ratio of 14.04, a current ratio of 0.91 and a quick ratio of 0.91. The company has a 50 day moving average price of C$2.32 and a 200 day moving average price of C$2.06. The firm has a market cap of C$439.26 million, a PE ratio of 24.73, a PEG ratio of 0.32 and a beta of 1.86.

Amerigo Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 19th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.12 annualized dividend and a dividend yield of 4.4%. Amerigo Resources's 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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