Amerigo Resources (TSE:ARG) Director Sells C$99,600.00 in Stock

Key Points

• Amerigo Resources director Aurora Davidson sold 12,000 shares for C$99,600 at C$8.30 apiece, reducing her position by 0.84%; she retained 1,411,554 shares valued at about C$11.72 million.
• Davidson has also reported multiple other share sales in October and November, including an additional 8,000 shares sold on November 9.
• Amerigo reported quarterly EPS of C$0.20 on C$120.47 million in revenue and announced a quarterly dividend of C$0.04 per share, equivalent to a 1.9% yield.

Amerigo Resources Ltd. (TSE:ARG - Get Free Report) Director Aurora Davidson sold 12,000 shares of Amerigo Resources stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of C$8.30, for a total value of C$99,600.00. Following the sale, the director directly owned 1,411,554 shares in the company, valued at C$11,715,898.20. The trade was a 0.84% decrease in their position.

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

• On Monday, November 9th, Aurora Davidson sold 8,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.28, for a total value of C$66,240.00.
• On Monday, October 19th, Aurora Davidson sold 8,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.99, for a total value of C$63,920.00.
• On Monday, October 19th, Aurora Davidson sold 7,800 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.05, for a total value of C$62,790.00.
• On Monday, October 19th, Aurora Davidson sold 4,200 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.03, for a total value of C$33,726.00.
• On Tuesday, October 13th, Aurora Davidson sold 8,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.26, for a total transaction of C$66,080.00.
• On Tuesday, October 13th, Aurora Davidson sold 6,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.55, for a total transaction of C$51,300.00.
• On Friday, October 2nd, Aurora Davidson sold 4,300 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.85, for a total transaction of C$38,055.00.
• On Friday, October 2nd, Aurora Davidson sold 2,500 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.85, for a total transaction of C$22,125.00.
• On Friday, October 2nd, Aurora Davidson sold 4,200 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.80, for a total transaction of C$36,960.00.
• On Friday, October 2nd, Aurora Davidson sold 2,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$9.02, for a total transaction of C$18,040.00.

Amerigo Resources Price Performance

Shares of Amerigo Resources stock traded up C$0.50 during trading on Monday, hitting C$8.40. 1,233,514 shares of the company's stock traded hands, compared to its average volume of 915,251. The company has a market cap of C$1.36 billion, a PE ratio of 19.09, a PEG ratio of 0.32 and a beta of 1.70. The firm's fifty day moving average price is C$8.26 and its 200 day moving average price is C$6.86. Amerigo Resources Ltd. has a twelve month low of C$3.15 and a twelve month high of C$9.11.

Amerigo Resources (TSE:ARG - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The company reported C$0.20 earnings per share (EPS) for the quarter. The firm had revenue of C$120.47 million during the quarter. Amerigo Resources had a net margin of 21.50% and a return on equity of 68.47%. As a group, equities research analysts anticipate that Amerigo Resources Ltd. will post 0.29 earnings per share for the current year.

Amerigo Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 18th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, November 30th. Amerigo Resources's dividend payout ratio (DPR) is 90.37%.

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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