Atrium Research Comments on TSE:ARG FY2024 Earnings

Amerigo Resources Ltd. (TSE:ARG) – Analysts at Atrium Research issued their FY2024 earnings estimates for shares of Amerigo Resources in a note issued to investors on Wednesday, January 15th. Atrium Research analyst B. Pirie expects that the company will earn $0.22 per share for the year. Atrium Research has a “Strong-Buy” rating on the stock. The consensus estimate for Amerigo Resources’ current full-year earnings is $0.29 per share. Atrium Research also issued estimates for Amerigo Resources’ FY2025 earnings at $0.20 EPS.

Amerigo Resources (TSE:ARG) last issued its quarterly earnings data 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 business had revenue of C$61.99 million during the quarter.

Amerigo Resources Trading Up 1.8 %

TSE:ARG opened at C$1.70 on Monday. Amerigo Resources has a 1 year low of C$1.22 and a 1 year high of C$2.05. The business has a fifty day moving average of C$1.64 and a 200-day moving average of C$1.67. 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 market cap of C$282.13 million, a price-to-earnings ratio of 17.00, a PEG ratio of 0.32 and a beta of 3.11.

Amerigo Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.12 annualized dividend and a yield of 7.06%. Amerigo Resources’s 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.