Amerigo Resources (TSE:ARG) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Amerigo Resources Ltd. (TSE:ARG) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.72 and traded as high as C$1.96. Amerigo Resources shares last traded at C$1.91, with a volume of 294,399 shares.

Wall Street Analysts Forecast Growth

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

Amerigo Resources Trading Down 2.6 %

The firm has a market capitalization of C$219.96 million, a PE ratio of 10.71, a P/E/G ratio of 0.32 and a beta of 3.11. The firm has a 50 day simple moving average of C$1.78 and a 200 day simple moving average of C$1.72. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 14.04.

Amerigo Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.12 annualized dividend and a dividend yield of 6.28%. Amerigo Resources’s dividend payout ratio (DPR) is presently 67.27%.

About Amerigo Resources

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.