Amerigo Resources (TSE:ARG) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Amerigo Resources Ltd. (TSE:ARG) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$5.11 and traded as high as C$6.46. Amerigo Resources shares last traded at C$6.40, with a volume of 645,391 shares.

Amerigo Resources Stock Performance

The business has a 50 day simple moving average of C$5.83 and a 200-day simple moving average of C$5.14. The stock has a market capitalization of C$1.05 billion, a P/E ratio of 23.14, a price-to-earnings-growth ratio of 0.32 and a beta of 2.11.

Amerigo Resources (TSE:ARG) last issued its quarterly earnings results on Wednesday, April 29th. The company reported C$0.13 earnings per share (EPS) for the quarter. Amerigo Resources had a return on equity of 42.44% and a net margin of 15.26%.The firm had revenue of C$91.99 million during the quarter. Equities research analysts forecast that Amerigo Resources Ltd. will post 0.2850394 EPS for the current fiscal year.

Amerigo Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 18th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, May 29th. Amerigo Resources’s dividend payout ratio is 49.30%.

Insider Activity

In other news, Director Christian Caceres sold 34,381 shares of the stock in a transaction on Thursday, March 26th. The stock was sold at an average price of C$4.81, for a total value of C$165,372.61. Following the completion of the sale, the director owned 89,200 shares in the company, valued at C$429,052. This represents a 27.82% decrease in their ownership of the stock. Also, insider Carmen Amezquita sold 25,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of C$7.05, for a total value of C$176,250.00. Following the completion of the sale, the insider owned 83,939 shares of the company’s stock, valued at C$591,769.95. The trade was a 22.95% decrease in their position. In the last 90 days, insiders sold 156,581 shares of company stock worth $824,287. Insiders own 12.95% of the company’s stock.

Amerigo Resources Company Profile

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.