Amerigo Resources (TSE:ARG) Stock: Insider Aurora Davidson Sells 4,300 Shares

Key Points

• Director Aurora Davidson sold 4,300 Amerigo Resources shares at an average C$8.85, for proceeds of C$38,055. She retained 1,569,254 shares worth approximately C$13.9 million, while additional sales brought her recent selling activity to several transactions.
• Amerigo Resources shares rose 3.1% to C$8.85, near the company’s 52-week high of C$9.11. The stock has a C$1.43 billion market capitalization and trades at a price-to-earnings ratio of 26.03.
• The company reported quarterly revenue of C$109.93 million and earnings of C$0.16 per share. Its quarterly dividend was cut to C$0.04 from C$0.18, implying an annualized yield of about 1.8%.

Amerigo Resources Ltd. (TSE:ARG - Get Free Report) Director Aurora Davidson sold 4,300 shares of the business's stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of C$8.85, for a total value of C$38,055.00. Following the completion of the sale, the director owned 1,569,254 shares of the company's stock, valued at C$13,887,897.90. The trade was a 0.27% decrease in their position.

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

• On Friday, October 2nd, Aurora Davidson sold 2,500 shares of Amerigo Resources stock. The stock was 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 shares were 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 stock was sold at an average price of C$9.02, for a total transaction of C$18,040.00.
• On Thursday, October 1st, Aurora Davidson sold 5,700 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.58, for a total transaction of C$48,906.00.
• On Thursday, October 1st, Aurora Davidson sold 7,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.59, for a total transaction of C$60,130.00.
• On Thursday, October 1st, Aurora Davidson sold 7,300 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.58, for a total value of C$62,634.00.
• On Monday, September 21st, Aurora Davidson sold 2,500 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.62, for a total value of C$21,550.00.
• On Monday, September 21st, Aurora Davidson sold 3,500 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.54, for a total value of C$29,890.00.
• On Monday, September 21st, Aurora Davidson sold 7,100 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.48, for a total value of C$60,208.00.
• On Monday, September 21st, Aurora Davidson sold 4,500 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.46, for a total transaction of C$38,070.00.

Amerigo Resources Stock Up 3.1%

Shares of TSE:ARG traded up C$0.27 on Friday, hitting C$8.85. The company had a trading volume of 538,491 shares, compared to its average volume of 903,747. Amerigo Resources Ltd. has a 1 year low of C$2.59 and a 1 year high of C$9.11. The firm's 50-day simple moving average is C$8.06 and its two-hundred day simple moving average is C$6.89. The firm has a market capitalization of C$1.43 billion, a price-to-earnings ratio of 26.03, a P/E/G ratio of 0.32 and a beta of 2.15.

Amerigo Resources (TSE:ARG - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported C$0.16 earnings per share for the quarter. Amerigo Resources had a return on equity of 50.54% and a net margin of 18.55%.The firm had revenue of C$109.93 million for the quarter. Equities research analysts anticipate that Amerigo Resources Ltd. will post 0.2850394 EPS for the current year.

Amerigo Resources Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 18th were paid a $0.04 dividend. This is a decrease 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 1.8%. The ex-dividend date of this dividend was Friday, August 28th. Amerigo Resources's payout ratio is currently 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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