Amerigo Resources (TSE:ARG) Announces Earnings Results

Amerigo Resources (TSE:ARG) announced its quarterly earnings results on Wednesday. The company reported C$0.13 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$91.99 million for the quarter. Amerigo Resources had a return on equity of 33.30% and a net margin of 13.14%.

Amerigo Resources Stock Down 4.8%

Shares of Amerigo Resources stock traded down C$0.28 on Wednesday, hitting C$5.61. The stock had a trading volume of 432,557 shares, compared to its average volume of 985,410. Amerigo Resources has a twelve month low of C$1.69 and a twelve month high of C$6.86. The business’s 50 day moving average is C$5.65 and its two-hundred day moving average is C$4.75. The stock has a market cap of C$910.22 million, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 0.32 and a beta of 2.04.

Amerigo Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 20th were given a $0.04 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $0.16 annualized dividend and a dividend yield of 2.9%. Amerigo Resources’s dividend payout ratio is presently 61.67%.

Insider Activity at Amerigo Resources

In other news, Director Christian Caceres sold 63,500 shares of the company’s stock in a transaction that occurred on Thursday, March 26th. The stock was sold at an average price of C$4.77, for a total value of C$302,895.00. Following the transaction, the director owned 25,700 shares of the company’s stock, valued at approximately C$122,589. This represents a 71.19% decrease in their ownership of the stock. Insiders sold a total of 123,581 shares of company stock valued at $591,477 over the last 90 days. 12.95% of the stock is currently owned by corporate insiders.

Amerigo Resources Company Profile

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.