Atrium Research Has Negative View of TSE:ARG FY2027 Earnings

Amerigo Resources Ltd. (TSE:ARG) – Research analysts at Atrium Research lowered their FY2027 earnings per share estimates for shares of Amerigo Resources in a research note issued to investors on Wednesday, July 29th. Atrium Research analyst B. Pirie now anticipates that the company will post earnings per share of $0.25 for the year, down from their previous estimate of $0.28. The consensus estimate for Amerigo Resources’ current full-year earnings is $0.29 per share.

Amerigo Resources (TSE:ARG) last released its quarterly earnings results on Wednesday, July 29th. The company reported C$0.16 earnings per share (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.

Amerigo Resources Stock Performance

Shares of ARG opened at C$6.63 on Monday. Amerigo Resources has a 12 month low of C$2.04 and a 12 month high of C$7.93. The firm’s 50 day moving average is C$6.74 and its 200-day moving average is C$6.15. The stock has a market capitalization of C$1.07 billion, a PE ratio of 19.50, a P/E/G ratio of 0.32 and a beta of 2.15.

Amerigo Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 6th. Stockholders of record on Thursday, August 6th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 10.9%. The ex-dividend date is Monday, July 13th. This is a boost from Amerigo Resources’s previous quarterly dividend of $0.04. Amerigo Resources’s dividend payout ratio is presently 77.12%.

Insider Transactions at Amerigo Resources

In other Amerigo Resources news, insider Kimberly Thomas sold 4,200 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of C$6.67, for a total transaction of C$28,014.00. Following the completion of the sale, the insider directly owned 17,118 shares in the company, valued at C$114,177.06. This represents a 19.70% decrease in their ownership of the stock. Also, Director Robert Gayton sold 50,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of C$7.29, for a total value of C$364,500.00. Following the transaction, the director directly owned 143,740 shares of the company’s stock, valued at approximately C$1,047,864.60. The trade was a 25.81% decrease in their position. In the last 90 days, insiders sold 158,000 shares of company stock valued at $1,101,068. Company 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.