Amerigo Resources (TSE:ARG) Hits New 12-Month High – What’s Next?

Amerigo Resources Ltd. (TSE:ARG)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$8.48 and last traded at C$8.47, with a volume of 83761 shares. The stock had previously closed at C$8.22.

Amerigo Resources Price Performance

The company has a market capitalization of C$1.36 billion, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 0.32 and a beta of 2.16. The firm has a fifty day moving average price of C$7.16 and a 200-day moving average price of C$6.40.

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

Amerigo Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 18th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.16 annualized dividend and a dividend yield of 1.9%. Amerigo Resources’s dividend payout ratio (DPR) is currently 77.12%.

Insider Transactions at Amerigo Resources

In other news, Director Aurora Davidson sold 4,600 shares of Amerigo Resources stock in a transaction on Monday, August 17th. The stock was sold at an average price of C$7.59, for a total transaction of C$34,914.00. Following the sale, the director directly owned 1,551,446 shares in the company, valued at C$11,775,475.14. The trade was a 0.30% decrease in their position. Also, Director Robert Gayton sold 40,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of C$7.91, for a total transaction of C$316,400.00. Following the completion of the transaction, the director directly owned 173,457 shares in the company, valued at C$1,372,044.87. This trade represents a 18.74% decrease in their ownership of the stock. Insiders have sold 145,000 shares of company stock worth $1,086,037 in the last ninety days. Company insiders own 12.95% of the company’s stock.

Amerigo Resources Company Profile

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.