Amerigo Resources (TSE:ARG) Announces Earnings Results

Amerigo Resources (TSE:ARG) announced its quarterly earnings data on Wednesday. The company reported C$0.16 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$109.93 million for the quarter. Amerigo Resources had a net margin of 15.26% and a return on equity of 42.44%.

Amerigo Resources Trading Down 1.9%

Amerigo Resources stock opened at C$6.60 on Friday. The business has a 50-day moving average of C$6.74 and a 200-day moving average of C$6.13. The firm has a market capitalization of C$1.07 billion, a P/E ratio of 23.57, a PEG ratio of 0.32 and a beta of 2.15. Amerigo Resources has a 1 year low of C$2.04 and a 1 year high of C$7.93.

Amerigo Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 6th. Investors of record on Thursday, August 6th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.9%. This is a boost from Amerigo Resources’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Monday, July 13th. Amerigo Resources’s payout ratio is presently 49.30%.

Insider Buying and Selling at Amerigo Resources

In other news, Director Robert Gayton sold 50,000 shares of the firm’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 completion of the transaction, the director owned 143,740 shares in the company, valued at C$1,047,864.60. This trade represents a 25.81% decrease in their position. Also, insider Kimberly Thomas sold 4,200 shares of Amerigo Resources stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of C$6.67, for a total value of C$28,014.00. Following the completion of the sale, the insider directly owned 17,118 shares in the company, valued at approximately C$114,177.06. This represents a 19.70% decrease in their position. Insiders have sold 158,000 shares of company stock valued at $1,101,068 in the last 90 days. 12.95% of the stock is currently owned by company insiders.

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.