Amerigo Resources (TSE:ARG) Hits New 52-Week High - Time to Buy?

Amerigo Resources Ltd. (TSE:ARG - Get Free Report)'s share price reached a new 52-week high on Wednesday . The stock traded as high as C$2.30 and last traded at C$2.26, with a volume of 318900 shares trading hands. The stock had previously closed at C$2.17.

Amerigo Resources Trading Up 0.4%

The company has a debt-to-equity ratio of 14.04, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of C$262.57 million, a P/E ratio of 12.78, a PEG ratio of 0.32 and a beta of 3.11. The company's fifty day simple moving average is C$1.86 and its 200-day simple moving average is C$1.78.

Amerigo Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 20th were given a $0.03 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.12 annualized dividend and a dividend yield of 5.26%. 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.