Robert Gayton Purchases 69,717 Shares of Amerigo Resources (TSE:ARG) Stock

Amerigo Resources Ltd. (TSE:ARG) Director Robert Gayton bought 69,717 shares of the company’s stock in a transaction on Monday, August 10th. The stock was purchased at an average cost of C$8.26 per share, for a total transaction of C$575,862.42. Following the completion of the transaction, the director owned 213,457 shares in the company, valued at approximately C$1,763,154.82. The trade was a 48.50% increase in their ownership of the stock.

Robert Gayton also recently made the following trade(s):

• On Tuesday, August 11th, Robert Gayton sold 40,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.91, for a total transaction of C$316,400.00.
• On Tuesday, August 11th, Robert Gayton sold 10,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.89, for a total transaction of C$78,900.00.
• On Tuesday, June 2nd, Robert Gayton sold 50,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$7.29, for a total transaction of C$364,500.00.

Amerigo Resources Stock Down 2.5%

ARG stock opened at C$7.83 on Thursday. The company has a market capitalization of C$1.26 billion, a price-to-earnings ratio of 23.03, a P/E/G ratio of 0.32 and a beta of 2.16. The firm has a 50 day moving average of C$6.89 and a two-hundred day moving average of C$6.26. Amerigo Resources Ltd. has a 12 month low of C$2.07 and a 12 month high of C$8.48.

Amerigo Resources (TSE:ARG) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C$0.16 earnings per share (EPS) for the quarter. The firm had revenue of C$109.93 million during the quarter. Amerigo Resources had a net margin of 18.55% and a return on equity of 50.54%. On average, research analysts expect that Amerigo Resources Ltd. will post 0.2850394 EPS for the current fiscal year.

Amerigo Resources Cuts Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, August 28th. Amerigo Resources’s dividend payout ratio is 77.12%.

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.