Amerigo Resources (TSE:ARG) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Posted by Patrick Bannon on Jan 17th, 2025

Amerigo Resources Ltd. (TSE:ARG – Get Free Report)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.66 and traded as high as C$1.66. Amerigo Resources shares last traded at C$1.63, with a volume of 639,828 shares changing hands.

Wall Street Analyst Weigh In

Separately, Atrium Research raised Amerigo Resources to a “strong-buy” rating in a report on Wednesday.

View Our Latest Analysis on Amerigo Resources

Amerigo Resources Trading Down 0.6 %

The company has a market cap of C$277.15 million, a PE ratio of 16.70, a price-to-earnings-growth ratio of 0.32 and a beta of 3.11. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 12.87. The firm has a fifty day moving average of C$1.64 and a two-hundred day moving average of C$1.66.

Amerigo Resources (TSE:ARG – Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported C$0.02 earnings per share (EPS) for the quarter. The company had revenue of C$61.99 million for the quarter. Amerigo Resources had a net margin of 7.16% and a return on equity of 10.75%. As a group, sell-side analysts predict that Amerigo Resources Ltd. will post 0.2850394 EPS for the current year.

Amerigo Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 7.19%. The ex-dividend date of this dividend was Friday, November 29th. Amerigo Resources’s payout ratio is currently 120.00%.

Amerigo Resources Company Profile

(Get Free Report)

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.