Amerigo Resources Ltd. (TSE:ARG) to Issue Dividend Increase – $0.05 Per Share

Amerigo Resources Ltd. (TSE:ARG) announced a quarterly dividend on Wednesday, December 17th, TickerTech Dividends reports. Stockholders of record on Thursday, January 15th will be given a dividend of 0.05 per share on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Wednesday, December 17th. This is a 25.0% increase from Amerigo Resources’s previous quarterly dividend of $0.04.

Amerigo Resources Stock Up 2.2%

Shares of TSE:ARG traded up C$0.09 on Monday, hitting C$4.22. 781,959 shares of the company traded hands, compared to its average volume of 333,844. The stock has a 50 day simple moving average of C$3.22 and a 200-day simple moving average of C$2.57. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 14.04. The company has a market cap of C$694.15 million, a PE ratio of 32.46, a PEG ratio of 0.32 and a beta of 1.80. Amerigo Resources has a 52 week low of C$1.56 and a 52 week high of C$4.30.

Amerigo Resources (TSE:ARG) last announced its quarterly earnings results on Wednesday, October 29th. The company reported C$0.04 earnings per share (EPS) for the quarter. Amerigo Resources had a net margin of 8.12% and a return on equity of 19.29%. The company had revenue of C$73.08 million for the quarter. As a group, research analysts expect that Amerigo Resources will post 0.2850394 earnings per share for the current year.

About Amerigo Resources

Amerigo Resources Ltd is principally engaged in the production of copper and molybdenum concentrates through its operating subsidiary Minera Valle Central SA The group operates in one segment, the production of copper concentrates with the production of molybdenum concentrates as a by-product. The company geographically operates in Chile and Canada and earns most of its revenue from Chile.