TSE:ARG Stock Gets Higher EPS Forecast from Atrium Research

Key Points

• Atrium Research raised Amerigo Resources’ FY2026 EPS forecast to C$0.61 from C$0.57, well above the consensus estimate of C$0.29. The firm projects FY2027 EPS of C$0.36.
• Amerigo’s shares opened at C$8.51, with a market capitalization of approximately C$1.37 billion, after declining 5.2%. Its latest quarterly results included C$0.16 EPS and C$109.93 million in revenue.
• The company cut its quarterly dividend to $0.04 from $0.18, resulting in an annualized dividend of $0.16 and a 1.9% yield. Insiders also sold 452,000 shares during the last quarter.

Amerigo Resources Ltd. (TSE:ARG - Free Report) - Equities research analysts at Atrium Research raised their FY2026 earnings per share (EPS) estimates for Amerigo Resources in a research report issued to clients and investors on Tuesday, October 13th. Atrium Research analyst B. Pirie now forecasts that the company will earn $0.61 per share for the year, up from their prior estimate of $0.57. The consensus estimate for Amerigo Resources' current full-year earnings is $0.29 per share. Atrium Research also issued estimates for Amerigo Resources' FY2027 earnings at $0.36 EPS.

Amerigo Resources Stock Down 5.2%

TSE:ARG opened at C$8.51 on Thursday. The firm has a market capitalization of C$1.37 billion, a P/E ratio of 25.03, a P/E/G ratio of 0.32 and a beta of 1.89. The company has a fifty day moving average of C$8.35 and a 200 day moving average of C$7.13. Amerigo Resources has a 52 week low of C$2.59 and a 52 week high of C$9.11.

Amerigo Resources (TSE:ARG - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported C$0.16 earnings per share (EPS) for the quarter. Amerigo Resources had a net margin of 18.55% and a return on equity of 50.54%. The firm had revenue of C$109.93 million for the quarter.

Amerigo Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 18th were given a $0.04 dividend. The ex-dividend date was Friday, August 28th. This is a negative change from Amerigo Resources's previous quarterly dividend of $0.18. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.9%. Amerigo Resources's dividend payout ratio is presently 77.12%.

Insider Buying and Selling at Amerigo Resources

In related news, Director Aurora Davidson sold 10,900 shares of the firm's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of C$7.67, for a total value of C$83,603.00. Following the sale, the director directly owned 1,540,546 shares of the company's stock, valued at C$11,815,987.82. This trade represents a 0.70% decrease in their ownership of the stock. Also, Director George R. Ireland sold 200,000 shares of the firm's stock in a transaction dated Friday, September 18th. The stock was sold at an average price of C$8.76, for a total value of C$1,752,000.00. Following the completion of the sale, the director directly owned 9,972,156 shares in the company, valued at C$87,356,086.56. The trade was a 1.97% decrease in their ownership of the stock. Over the last quarter, insiders have sold 452,000 shares of company stock worth $3,841,598. 12.95% of the stock is currently owned by company insiders.

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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