Amerigo Resources (TSE:ARG) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Amerigo Resources Ltd. (TSE:ARG) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.70 and traded as high as C$6.18. Amerigo Resources shares last traded at C$6.05, with a volume of 524,356 shares changing hands.

Amerigo Resources Stock Performance

The company has a market cap of C$978.87 million, a price-to-earnings ratio of 21.61, a P/E/G ratio of 0.32 and a beta of 2.10. The company has a fifty day moving average of C$6.47 and a two-hundred day moving average of C$5.70.

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

Amerigo Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 18th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Friday, May 29th. Amerigo Resources’s dividend payout ratio (DPR) is 49.30%.

Insider Buying and Selling

In other Amerigo Resources news, insider Carmen Amezquita sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of C$6.93, for a total value of C$173,250.00. Following the completion of the transaction, the insider directly owned 8,939 shares in the company, valued at approximately C$61,947.27. This represents a 73.66% decrease in their position. Also, insider Kimberly Thomas sold 4,200 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of C$6.67, for a total transaction of C$28,014.00. Following the transaction, the insider directly owned 17,118 shares of the company’s stock, valued at C$114,177.06. The trade was a 19.70% decrease in their position. Insiders have sold a total of 158,000 shares of company stock worth $1,101,068 in the last ninety days. Company 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.