Robert Gayton Sells 50,000 Shares of Amerigo Resources (TSE:ARG) Stock

Amerigo Resources Ltd. (TSE:ARG) Director Robert Gayton sold 50,000 shares of Amerigo Resources stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of C$7.29, for a total transaction of C$364,500.00. Following the completion of the sale, the director directly owned 143,740 shares in the company, valued at approximately C$1,047,864.60. The trade was a 25.81% decrease in their position.

Amerigo Resources Stock Down 0.4%

Shares of TSE:ARG opened at C$6.96 on Friday. The company has a market cap of C$1.13 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 0.32 and a beta of 2.11. The firm’s 50-day simple moving average is C$6.16 and its 200-day simple moving average is C$5.39. Amerigo Resources Ltd. has a fifty-two week low of C$1.82 and a fifty-two week high of C$7.39.

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

Amerigo Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 18th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.16 dividend on an annualized basis and a yield of 2.3%. Amerigo Resources’s payout ratio is currently 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.