Amerigo Resources Ltd. (ARG) to Distribute Quarterly Dividend of $0.03 on March 20th

Amerigo Resources Ltd. (TSE:ARG) announced a quarterly dividend on Wednesday, February 26th, RTT News reports. Stockholders of record on Thursday, March 6th will be given a dividend of 0.03 per share on Thursday, March 20th. This represents a $0.12 annualized dividend and a dividend yield of 6.52%.

Amerigo Resources Price Performance

Shares of ARG stock opened at C$1.84 on Friday. The firm has a market capitalization of C$211.90 million, a price-to-earnings ratio of 10.31, a PEG ratio of 0.32 and a beta of 3.11. Amerigo Resources has a 1 year low of C$1.26 and a 1 year high of C$2.05. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 14.04. The firm’s 50 day moving average is C$1.69 and its 200-day moving average is C$1.69.

Analysts Set New Price Targets

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.