Robert Gayton Sells 40,000 Shares of Amerigo Resources (TSE:ARG) Stock

Amerigo Resources Ltd. (TSE:ARG) Director Robert Gayton sold 40,000 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of C$7.91, for a total value of C$316,400.00. Following the transaction, the director owned 173,457 shares in the company, valued at C$1,372,044.87. This trade represents a 18.74% decrease in their ownership of the stock.

Robert Gayton also recently made the following trade(s):

• On Tuesday, August 11th, Robert Gayton sold 10,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$7.89, for a total value of C$78,900.00.
• On Monday, August 10th, Robert Gayton purchased 69,717 shares of Amerigo Resources stock. The stock was acquired at an average price of C$8.26 per share, with a total value of C$575,862.42.
• On Tuesday, June 2nd, Robert Gayton sold 50,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.29, for a total value of C$364,500.00.

Amerigo Resources Trading Down 1.5%

Shares of TSE ARG traded down C$0.12 on Wednesday, reaching C$7.91. 266,379 shares of the company traded hands, compared to its average volume of 942,642. Amerigo Resources Ltd. has a fifty-two week low of C$2.07 and a fifty-two week high of C$8.48. The company has a 50 day moving average of C$6.87 and a 200 day moving average of C$6.24. The stock has a market capitalization of C$1.28 billion, a PE ratio of 23.26, a P/E/G ratio of 0.32 and a beta of 2.16.

Amerigo Resources (TSE:ARG) last released its earnings results on Wednesday, July 29th. The company reported C$0.16 earnings per share (EPS) for the quarter. Amerigo Resources had a net margin of 18.55% and a return on equity of 50.54%. The business had revenue of C$109.93 million for the quarter. As a group, research analysts expect that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current year.

Amerigo Resources Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 18th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, August 28th. Amerigo Resources’s dividend payout ratio (DPR) is 77.12%.

About Amerigo Resources

Amerigo is an innovative copper producer with a long-term relationship, through its fully-owned subsidiary Minera Valle Central (‘MVC’), with Corporación Nacional del Cobre de Chile (‘Codelco’), the world’s largest copper producer. Amerigo produces copper concentrate and molybdenum concentrate as a by-product at the MVC operation in Chile by processing fresh and historic tailings from Codelco’s El Teniente mine, the world’s largest underground copper mine.