Amerigo Resources (TSE:ARG) Director Aurora Davidson Sells 8,000 Shares

Key Points

• Director Aurora Davidson sold 8,000 Amerigo Resources shares at an average C$8.08, generating C$64,640. After the transaction, she held 1,623,554 shares worth approximately C$13.1 million.
• Davidson has made several additional sales since September 1, totaling more than 55,000 shares at prices between roughly C$7.95 and C$8.60.
• Amerigo shares traded at C$8.19, near their 52-week high of C$8.92, while the company reported quarterly EPS of C$0.16 and announced a C$0.04 quarterly dividend, representing a 2.0% yield.

Amerigo Resources Ltd. (TSE:ARG - Get Free Report) Director Aurora Davidson sold 8,000 shares of Amerigo Resources stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of C$8.08, for a total value of C$64,640.00. Following the transaction, the director directly owned 1,623,554 shares in the company, valued at approximately C$13,118,316.32. This trade represents a 0.49% decrease in their position.

Aurora Davidson also recently made the following trade(s):

• On Tuesday, September 15th, Aurora Davidson sold 3,700 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.30, for a total value of C$30,710.00.
• On Tuesday, September 15th, Aurora Davidson sold 3,300 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.19, for a total value of C$27,027.00.
• On Tuesday, September 8th, Aurora Davidson sold 2,500 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.60, for a total value of C$21,500.00.
• On Tuesday, September 8th, Aurora Davidson sold 10,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.47, for a total transaction of C$84,700.00.
• On Tuesday, September 8th, Aurora Davidson sold 7,500 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.53, for a total transaction of C$63,975.00.
• On Wednesday, September 2nd, Aurora Davidson sold 6,300 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.15, for a total transaction of C$51,345.00.
• On Wednesday, September 2nd, Aurora Davidson sold 6,500 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.04, for a total transaction of C$52,260.00.
• On Wednesday, September 2nd, Aurora Davidson sold 2,200 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.00, for a total transaction of C$17,600.00.
• On Tuesday, September 1st, Aurora Davidson sold 8,100 shares of Amerigo Resources stock. The stock was sold at an average price of C$7.99, for a total transaction of C$64,719.00.
• On Tuesday, September 1st, Aurora Davidson sold 5,400 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.95, for a total transaction of C$42,930.00.

Amerigo Resources Price Performance

Shares of TSE:ARG traded down C$0.22 on Tuesday, reaching C$8.19. The company's stock had a trading volume of 1,077,307 shares, compared to its average volume of 912,922. The stock's 50-day moving average is C$7.71 and its two-hundred day moving average is C$6.63. Amerigo Resources Ltd. has a 52-week low of C$2.32 and a 52-week high of C$8.92. The stock has a market capitalization of C$1.32 billion, a P/E ratio of 24.09, a PEG ratio of 0.32 and a beta of 2.15.

Amerigo Resources (TSE:ARG - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported C$0.16 earnings per share for the quarter. The business 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%. Equities analysts forecast that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current fiscal year.

Amerigo Resources Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 18th will be paid a $0.04 dividend. 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 (DPR) 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.

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