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 research report report published on Wednesday morning,Zacks.com reports.

Amerigo Resources Price Performance

ARG stock opened at C$1.67 on Wednesday. Amerigo Resources has a 1 year low of C$1.22 and a 1 year high of C$2.05. The company has a debt-to-equity ratio of 12.87, a current ratio of 0.97 and a quick ratio of 0.91. The firm has a market capitalization 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 business has a 50 day simple moving average of C$1.64 and a 200-day simple moving average of C$1.66.

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

Amerigo Resources Announces Dividend

The company also recently disclosed 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. This represents a $0.12 annualized dividend and a 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

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.