Amerigo Resources Ltd. (TSE:ARG) to Issue Quarterly Dividend of $0.03

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

Amerigo Resources Stock Up 5.6 %

Shares of TSE ARG traded up C$0.10 during midday trading on Wednesday, hitting C$1.88. 202,786 shares of the company’s stock were exchanged, compared to its average volume of 265,816. The company has a debt-to-equity ratio of 14.04, a current ratio of 0.91 and a quick ratio of 0.91. Amerigo Resources has a twelve month low of C$1.26 and a twelve month high of C$2.05. The company has a market cap of C$216.51 million, a PE ratio of 10.54, a P/E/G ratio of 0.32 and a beta of 3.11. The firm’s fifty day simple moving average is C$1.68 and its 200-day simple moving average is C$1.69.

Analyst Ratings Changes

Separately, Atrium Research raised Amerigo Resources to a “strong-buy” rating in a research note 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.