Amerigo Resources (TSE:ARG) Director Sells C$83,603.00 in Stock

Amerigo Resources Ltd. (TSE:ARG) Director Aurora Davidson sold 10,900 shares of Amerigo Resources stock in a transaction on Monday, August 17th. The stock was sold at an average price of C$7.67, for a total transaction of C$83,603.00. Following the sale, the director directly owned 1,540,546 shares of the company’s stock, valued at C$11,815,987.82. This represents a 0.70% decrease in their ownership of the stock.

Aurora Davidson also recently made the following trade(s):

• On Monday, August 17th, Aurora Davidson sold 4,600 shares of Amerigo Resources stock. The stock was sold at an average price of C$7.59, for a total value of C$34,914.00.
• On Monday, August 17th, Aurora Davidson sold 4,500 shares of Amerigo Resources stock. The stock was sold at an average price of C$7.66, for a total transaction of C$34,470.00.

Amerigo Resources Trading Up 0.4%

Shares of ARG traded up C$0.03 during mid-day trading on Monday, reaching C$7.66. The company’s stock had a trading volume of 247,992 shares, compared to its average volume of 932,693. Amerigo Resources Ltd. has a 52 week low of C$2.10 and a 52 week high of C$8.48. The stock has a market cap of C$1.24 billion, a PE ratio of 22.53, a P/E/G ratio of 0.32 and a beta of 2.16. The company’s fifty day moving average price is C$6.93 and its two-hundred day moving average price is C$6.28.

Amerigo Resources (TSE:ARG) last released its 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 for the quarter. Amerigo Resources had a net margin of 18.55% and a return on equity of 50.54%. Research analysts anticipate that Amerigo Resources Ltd. will post 0.2850394 EPS for the current year.

Amerigo Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 18th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, August 28th. Amerigo Resources’s dividend payout ratio (DPR) is 77.12%.

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.