Amerigo Resources (TSE:ARG) Sets New 12-Month High – Here’s What Happened

Shares of Amerigo Resources Ltd. (TSE:ARG) reached a new 52-week high during trading on Monday . The stock traded as high as C$8.93 and last traded at C$8.59, with a volume of 351791 shares. The stock had previously closed at C$8.93.

Amerigo Resources Trading Down 5.2%

The stock has a 50-day simple moving average of C$7.82 and a two-hundred day simple moving average of C$6.69. The firm has a market capitalization of C$1.37 billion, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 0.32 and a beta of 2.15.

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

Amerigo Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 18th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, August 28th. Amerigo Resources’s dividend payout ratio is 77.12%.

Insider Activity at Amerigo Resources

In other news, Director Aurora Davidson sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of C$8.08, for a total value of C$64,640.00. Following the sale, the director directly owned 1,623,554 shares in the company, valued at approximately C$13,118,316.32. This trade represents a 0.49% decrease in their position. Insiders have sold 140,000 shares of company stock worth $1,121,218 over the last ninety days. Corporate insiders own 12.95% of the company’s stock.

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.