Amerigo Resources (TSE:ARG) Director Sells 10,900 Shares

Key Points

• Director Aurora Davidson sold 10,900 Amerigo Resources shares at an average price of C$7.67, totaling C$83,603; she retained 1,540,546 shares after the transaction. She also made two additional sales that day totaling 9,100 shares.
• Amerigo shares traded at approximately C$7.66, near their 52-week high of C$8.48, with a market capitalization of about C$1.24 billion. The company recently reported quarterly EPS of C$0.16 and revenue of C$109.93 million.
• The company announced a quarterly dividend of C$0.04 per share, equivalent to C$0.16 annually and a 2.1% yield; the ex-dividend date is August 28.

Amerigo Resources Ltd. (TSE:ARG - Get Free Report) Director Aurora Davidson sold 10,900 shares of the company's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of C$7.67, for a total value of C$83,603.00. Following the sale, the director owned 1,540,546 shares in the company, valued at approximately 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 shares were sold at an average price of C$7.59, for a total transaction of C$34,914.00.
• On Monday, August 17th, Aurora Davidson sold 4,500 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.66, for a total transaction of C$34,470.00.

Amerigo Resources Stock Performance

Amerigo Resources stock traded up C$0.03 during midday trading on Monday, reaching C$7.66. 247,992 shares of the stock were exchanged, 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 firm has a market cap of C$1.24 billion, a PE ratio of 22.53, a PEG ratio of 0.32 and a beta of 2.16. The company's fifty day moving average is C$6.93 and its 200-day moving average is C$6.28.

Amerigo Resources (TSE:ARG - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported C$0.16 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, sell-side analysts anticipate that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current fiscal year.

Amerigo Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 18th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, August 28th. Amerigo Resources's payout ratio is presently 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.

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