Amerigo Resources Ltd. (TSE:ARG) Declares $0.03 Quarterly Dividend

Amerigo Resources Ltd. (TSE:ARG) announced a quarterly dividend on Wednesday, February 26th, RTT News reports. Investors of record on Thursday, March 6th will be given a dividend of 0.03 per share on Thursday, March 20th. This represents a $0.12 annualized dividend and a yield of 6.38%.

Amerigo Resources Stock Up 5.6 %

ARG opened at C$1.88 on Thursday. The business has a 50 day moving average price of C$1.69 and a 200 day moving average price of C$1.69. Amerigo Resources has a twelve month low of C$1.26 and a twelve month high of C$2.05. 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 firm has a market cap of C$216.51 million, a P/E ratio of 10.54, a price-to-earnings-growth ratio of 0.32 and a beta of 3.11.

Analyst Upgrades and Downgrades

Separately, Atrium Research upgraded Amerigo Resources to a “strong-buy” rating in a report on Wednesday, January 15th.

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.