Amerigo Resources (TSE:ARG) Rating Increased to Strong-Buy at Atrium Research

Atrium Research upgraded shares of Amerigo Resources (TSE:ARG) to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports.

Amerigo Resources Trading Up 3.1 %

Shares of ARG stock opened at C$1.68 on Wednesday. The company has a debt-to-equity ratio of 12.87, a quick ratio of 0.91 and a current ratio of 0.97. The stock has a fifty day simple moving average of C$1.65 and a two-hundred day simple moving average of C$1.66. The firm has a market capitalization of C$278.81 million, a PE ratio of 16.80, a PEG ratio of 0.32 and a beta of 3.11. Amerigo Resources has a 52-week low of C$1.22 and a 52-week high of C$2.05.

Amerigo Resources (TSE:ARG) last released its earnings results on Wednesday, October 30th. The company reported C$0.02 earnings per share (EPS) for the quarter. Amerigo Resources had a return on equity of 10.75% and a net margin of 7.16%. The firm had revenue of C$61.99 million during the quarter. On average, analysts predict that Amerigo Resources will post 0.2850394 EPS for the current fiscal year.

Amerigo Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 7.14%. Amerigo Resources’s dividend payout ratio is 120.00%.

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.