Amerigo Resources (TSE:ARG) Share Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Technical breakout: Amerigo's shares crossed above their 200‑day moving average (200‑day MA C$4.68) and last traded at C$6.19 on volume of 726,786, valuing the company at about C$1.0 billion (P/E 29.48, PEG 0.32, beta 2.04).
• Quarterly results and dividend: The company reported EPS of C$0.14 on C$106.62M revenue (net margin 13.14%, ROE 33.3%) and paid a quarterly dividend of C$0.04 (annualized C$0.16) for a 2.6% yield with a ~61.7% payout ratio.
• Insider activity: Insiders sold 123,581 shares (~$591,477) in the last quarter, including a director who sold 34,381 shares and reduced his stake by 27.8%, though insiders still own 12.95%.

Amerigo Resources Ltd. (TSE:ARG - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.68 and traded as high as C$6.39. Amerigo Resources shares last traded at C$6.19, with a volume of 726,786 shares trading hands.

Amerigo Resources Stock Down 1.6%

The business's 50 day moving average is C$5.64 and its 200-day moving average is C$4.68. The firm has a market capitalization of C$1.00 billion, a P/E ratio of 29.48, a PEG ratio of 0.32 and a beta of 2.04.

Amerigo Resources (TSE:ARG - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported C$0.14 earnings per share (EPS) for the quarter. The business had revenue of C$106.62 million for the quarter. Amerigo Resources had a net margin of 13.14% and a return on equity of 33.30%. Research analysts forecast that Amerigo Resources Ltd. will post 0.2850394 EPS for the current fiscal year.

Amerigo Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 20th were paid a $0.04 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $0.16 annualized dividend and a dividend yield of 2.6%. Amerigo Resources's payout ratio is currently 61.67%.

Insider Buying and Selling at Amerigo Resources

In related news, Director Christian Caceres sold 34,381 shares of the business's stock in a transaction on Thursday, March 26th. The shares were sold at an average price of C$4.81, for a total value of C$165,372.61. Following the sale, the director owned 89,200 shares of the company's stock, valued at C$429,052. The trade was a 27.82% decrease in their ownership of the stock. Insiders have sold a total of 123,581 shares of company stock valued at $591,477 over the last quarter. 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.

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