Amerigo Resources (TSE:ARG) Director Aurora Davidson Sells 8,100 Shares

Key Points

• Director Aurora Davidson sold 8,100 Amerigo Resources shares at an average price of C$7.99, generating C$64,719. Following the sale, she retained 1,482,946 shares valued at approximately C$11.85 million.
• Davidson also completed several other sales on September 1 and August 17, indicating cumulative recent insider selling beyond the 8,100-share transaction.
• Amerigo’s stock fell 3.2% to C$7.94, while the company announced a quarterly dividend of C$0.04 per share, equivalent to a 2.0% annualized yield.

Amerigo Resources Ltd. (TSE:ARG - Get Free Report) Director Aurora Davidson sold 8,100 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of C$7.99, for a total value of C$64,719.00. Following the completion of the transaction, the director directly owned 1,482,946 shares in the company, valued at C$11,848,738.54. This trade represents a 0.54% decrease in their ownership of the stock.

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

• On Tuesday, September 1st, Aurora Davidson sold 5,400 shares of Amerigo Resources stock. The stock was sold at an average price of C$7.95, for a total value of C$42,930.00.
• On Tuesday, September 1st, Aurora Davidson sold 2,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$7.92, for a total value of C$15,840.00.
• On Tuesday, September 1st, Aurora Davidson sold 4,500 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.93, for a total value of C$35,685.00.
• 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 value of C$34,914.00.
• On Monday, August 17th, Aurora Davidson sold 10,900 shares of Amerigo Resources stock. The stock was sold at an average price of C$7.67, for a total value of C$83,603.00.
• On Monday, August 17th, Aurora Davidson sold 4,500 shares of Amerigo Resources stock. The stock was sold at an average price of C$7.66, for a total value of C$34,470.00.

Amerigo Resources Stock Down 3.2%

ARG traded down C$0.26 during midday trading on Tuesday, hitting C$7.94. 321,730 shares of the company traded hands, compared to its average volume of 906,730. The firm has a market capitalization of C$1.28 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 0.32 and a beta of 2.16. The company's 50-day moving average is C$7.26 and its 200 day moving average is C$6.45. Amerigo Resources Ltd. has a 52 week low of C$2.20 and a 52 week high of C$8.77.

Amerigo Resources (TSE:ARG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported C$0.16 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 during the quarter. On average, sell-side analysts predict 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 given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, August 28th. Amerigo Resources's payout ratio is 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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