Insider Selling: Amerigo Resources (TSE:ARG) Director Sells C$62,634.00 in Stock

Key Points

• Amerigo Resources director Aurora Davidson sold 7,300 shares at an average C$8.58, generating C$62,634 and reducing her position by 0.46% to 1,573,554 shares.
• Davidson has made several additional sales since September 15, totaling substantial insider selling while Amerigo shares traded near their 12-month high of C$9.11.
• Amerigo reported C$0.16 quarterly EPS on C$109.93 million in revenue, while its quarterly dividend was reduced to C$0.04 per share, or C$0.16 annualized.

Amerigo Resources Ltd. (TSE:ARG - Get Free Report) Director Aurora Davidson sold 7,300 shares of the business's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of C$8.58, for a total transaction of C$62,634.00. Following the completion of the sale, the director directly owned 1,573,554 shares in the company, valued at approximately C$13,501,093.32. This represents a 0.46% decrease in their position.

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

• 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 value 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 value of C$60,130.00.
• On Monday, September 21st, Aurora Davidson sold 2,500 shares of Amerigo Resources stock. The stock was 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 shares were 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 value of C$38,070.00.
• On Monday, September 21st, Aurora Davidson sold 2,400 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.43, for a total value of C$20,232.00.
• 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 transaction of C$30,710.00.
• On Tuesday, September 15th, Aurora Davidson sold 3,300 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.19, for a total transaction of C$27,027.00.
• On Tuesday, September 15th, Aurora Davidson sold 8,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.08, for a total transaction of C$64,640.00.

Amerigo Resources Stock Performance

Shares of TSE ARG traded down C$0.21 during midday trading on Thursday, reaching C$8.53. The stock had a trading volume of 288,488 shares, compared to its average volume of 904,841. The company's 50 day moving average price is C$8.05 and its 200 day moving average price is C$6.87. Amerigo Resources Ltd. has a twelve month low of C$2.59 and a twelve month high of C$9.11. The firm has a market cap of C$1.38 billion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 0.32 and a beta of 2.15.

Amerigo Resources (TSE:ARG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C$0.16 earnings per share for the quarter. The company 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 18th were paid a $0.04 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.9%. This is a negative change from Amerigo Resources's previous quarterly dividend of $0.18. Amerigo Resources's dividend payout ratio (DPR) is presently 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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