Amerigo Resources (TSE:ARG) Insider Kimberly Thomas Sells 8,000 Shares

Amerigo Resources Ltd. (TSE:ARGGet Free Report) insider Kimberly Thomas sold 8,000 shares of Amerigo Resources stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of C$7.07, for a total value of C$56,560.00. Following the transaction, the insider owned 22,118 shares in the company, valued at approximately C$156,374.26. This represents a 26.56% decrease in their ownership of the stock.

Amerigo Resources Trading Up 6.3%

ARG stock opened at C$7.13 on Thursday. The business’s 50-day moving average price is C$5.70 and its two-hundred day moving average price is C$4.98. The firm has a market cap of C$1.15 billion, a PE ratio of 25.46, a P/E/G ratio of 0.32 and a beta of 2.11. Amerigo Resources Ltd. has a 1-year low of C$1.71 and a 1-year high of C$7.16.

Amerigo Resources (TSE:ARGGet Free Report) last posted its earnings results on Wednesday, April 29th. The company reported C$0.13 earnings per share for the quarter. The firm had revenue of C$91.99 million for the quarter. Amerigo Resources had a return on equity of 42.44% and a net margin of 15.26%. On average, analysts forecast that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current year.

Amerigo Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 18th will be issued a dividend of $0.04 per share. The ex-dividend date is Friday, May 29th. This represents a $0.16 annualized dividend and a yield of 2.2%. Amerigo Resources’s payout ratio is currently 49.30%.

Amerigo Resources Company Profile

(Get Free Report)

Amerigo Resources Ltd is principally engaged in the production of copper and molybdenum concentrates through its operating subsidiary Minera Valle Central SA The group operates in one segment, the production of copper concentrates with the production of molybdenum concentrates as a by-product. The company geographically operates in Chile and Canada and earns most of its revenue from Chile.

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Insider Buying and Selling by Quarter for Amerigo Resources (TSE:ARG)

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