Amerigo Resources (TSE:ARG) Insider Sells C$169,250.00 in Stock

Amerigo Resources Ltd. (TSE:ARG) insider Carmen Amezquita sold 25,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of C$6.77, for a total value of C$169,250.00. Following the sale, the insider directly owned 33,939 shares in the company, valued at C$229,767.03. The trade was a 42.42% decrease in their position.

Carmen Amezquita also recently made the following trade(s):

• On Friday, May 22nd, Carmen Amezquita sold 15,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$6.41, for a total value of C$96,150.00.
• On Friday, May 22nd, Carmen Amezquita sold 5,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$6.35, for a total value of C$31,750.00.
• On Wednesday, May 13th, Carmen Amezquita sold 25,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$7.05, for a total value of C$176,250.00.

Amerigo Resources Price Performance

Amerigo Resources stock remained flat at C$6.67 during mid-day trading on Thursday. The company had a trading volume of 871,624 shares, compared to its average volume of 1,036,254. The firm has a market capitalization of C$1.08 billion, a price-to-earnings ratio of 23.82, a P/E/G ratio of 0.32 and a beta of 2.11. Amerigo Resources Ltd. has a twelve month low of C$1.81 and a twelve month high of C$7.16. The company has a fifty day moving average price of C$5.94 and a 200 day moving average price of C$5.26.

Amerigo Resources (TSE:ARG) last released its earnings results on Wednesday, April 29th. The company reported C$0.13 earnings per share (EPS) for the quarter. The firm had revenue of C$91.99 million during the quarter. Amerigo Resources had a return on equity of 42.44% and a net margin of 15.26%. On average, sell-side analysts anticipate that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current fiscal year.

Amerigo Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 18th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, May 29th. Amerigo Resources’s dividend payout ratio is 49.30%.

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.