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

Shares of Amerigo Resources Ltd. (TSE:ARG - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$2.17 and last traded at C$2.16, with a volume of 622517 shares changing hands. The stock had previously closed at C$2.02.

Amerigo Resources Stock Performance

The stock has a market cap of C$255.66 million, a price-to-earnings ratio of 12.44, a PEG ratio of 0.32 and a beta of 3.11. 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 firm has a fifty day moving average of C$1.80 and a 200 day moving average of C$1.76.

Amerigo Resources Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 5.41%. The ex-dividend date was Friday, May 30th. Amerigo Resources's payout ratio is currently 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.

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