Amerigo Resources (TSE:ARG) Director Sells C$394,200.00 in Stock

Amerigo Resources Ltd. (TSE:ARG) Director George Ireland sold 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of C$8.76, for a total value of C$394,200.00. Following the completion of the transaction, the director owned 10,172,156 shares in the company, valued at C$89,108,086.56. This represents a 0.44% decrease in their position.

Amerigo Resources Stock Down 3.4%

Shares of TSE:ARG opened at C$8.73 on Thursday. The business’s 50 day moving average is C$7.90 and its 200 day moving average is C$6.75. Amerigo Resources Ltd. has a 12-month low of C$2.47 and a 12-month high of C$9.09. The stock has a market cap of C$1.41 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 0.32 and a beta of 2.15.

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

Amerigo Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 18th were issued a $0.04 dividend. The ex-dividend date was Friday, August 28th. This represents a $0.16 annualized dividend and a dividend yield of 1.8%. Amerigo Resources’s dividend payout ratio is currently 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.