Insider Selling: Amerigo Resources (TSE:ARG) Director Sells C$52,260.00 in Stock

Key Points

• Director Aurora Davidson sold 6,500 Amerigo Resources shares at an average C$8.04, totaling C$52,260. Following the transaction, she still directly owned 1,458,246 shares valued at approximately C$11.72 million.
• Davidson has made multiple additional sales since August 17, totaling more than 48,000 shares across the disclosed transactions, indicating a continued reduction in her position.
• Amerigo shares traded at C$8.05, near their 52-week high of C$8.77, while the company reported C$0.16 quarterly EPS and maintains a quarterly dividend of C$0.04 per share, a 2.0% annualized yield.

Amerigo Resources Ltd. (TSE:ARG - Get Free Report) Director Aurora Davidson sold 6,500 shares of the business's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of C$8.04, for a total value of C$52,260.00. Following the sale, the director directly owned 1,458,246 shares in the company, valued at approximately C$11,724,297.84. The trade was a 0.44% decrease in their position.

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

• On Wednesday, September 2nd, Aurora Davidson sold 6,300 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.15, for a total value of C$51,345.00.
• On Wednesday, September 2nd, Aurora Davidson sold 2,200 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.00, for a total value of C$17,600.00.
• On Tuesday, September 1st, Aurora Davidson sold 8,100 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.99, for a total value 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 value of C$42,930.00.
• On Tuesday, September 1st, Aurora Davidson sold 2,000 shares of Amerigo Resources stock. The shares were 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 stock was 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 stock was sold at an average price of C$7.59, for a total transaction 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 transaction of C$83,603.00.
• On Monday, August 17th, Aurora Davidson sold 4,500 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.66, for a total transaction of C$34,470.00.

Amerigo Resources Stock Performance

Shares of TSE:ARG traded up C$0.11 during trading hours on Wednesday, hitting C$8.05. 363,100 shares of the company's stock traded hands, compared to its average volume of 904,274. The company's fifty day simple moving average is C$7.29 and its two-hundred day simple moving average is C$6.47. The company has a market cap of C$1.30 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 0.32 and a beta of 2.16. Amerigo Resources Ltd. has a 52 week low of C$2.23 and a 52 week high of C$8.77.

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

Amerigo Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 18th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, August 28th. Amerigo Resources's dividend payout ratio 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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