Amerigo Resources Ltd. (ARG) To Go Ex-Dividend on August 28th

Amerigo Resources Ltd. (TSE:ARG) announced a quarterly dividend on Friday, August 28th, TickerTech Dividends reports. Shareholders of record on Friday, September 18th will be paid a dividend of 0.04 per share on Friday, September 18th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, August 28th.

Amerigo Resources Trading Up 5.7%

ARG stock opened at C$8.69 on Wednesday. The company has a market capitalization of C$1.40 billion, a PE ratio of 25.56, a P/E/G ratio of 0.32 and a beta of 2.16. The business’s fifty day moving average price is C$7.13 and its 200 day moving average price is C$6.37. Amerigo Resources has a 12-month low of C$2.20 and a 12-month high of C$8.77.

Amerigo Resources (TSE:ARG) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C$0.16 earnings per share (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%. Research analysts predict that Amerigo Resources will post 0.2850394 EPS for the current fiscal year.

Insider Activity

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