Insider Selling: Amerigo Resources (TSE:ARG) Director Sells C$84,700.00 in Stock

Key Points

• Director Aurora Davidson sold 10,000 Amerigo Resources shares at an average C$8.47, generating C$84,700 and reducing her position by 0.69% to 1,443,546 shares.
• Davidson has made multiple additional sales since August 17, totaling more than 49,000 shares, while Amerigo’s stock recently traded at C$8.48—near its 52-week high of C$8.77.
• Amerigo reported quarterly EPS of C$0.16 on C$109.93 million in revenue and declared a quarterly dividend of C$0.04 per share, equivalent to a 1.9% annualized yield.

Amerigo Resources Ltd. (TSE:ARG - Get Free Report) Director Aurora Davidson sold 10,000 shares of the company's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of C$8.47, for a total value of C$84,700.00. Following the sale, the director owned 1,443,546 shares in the company, valued at approximately C$12,226,834.62. This trade represents a 0.69% decrease in their position.

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

• On Tuesday, September 8th, Aurora Davidson sold 2,500 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.60, for a total value of C$21,500.00.
• On Tuesday, September 8th, Aurora Davidson sold 7,500 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.53, for a total transaction of C$63,975.00.
• On Wednesday, September 2nd, Aurora Davidson sold 6,300 shares of Amerigo Resources stock. The shares were 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 6,500 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.04, for a total transaction of C$52,260.00.
• 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 transaction of C$17,600.00.
• On Tuesday, September 1st, Aurora Davidson sold 8,100 shares of Amerigo Resources stock. The stock was 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 transaction 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 transaction 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 transaction 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 transaction of C$34,914.00.

Amerigo Resources Stock Performance

ARG traded up C$0.43 during trading on Tuesday, reaching C$8.48. The company's stock had a trading volume of 690,074 shares, compared to its average volume of 898,720. Amerigo Resources Ltd. has a 52-week low of C$2.23 and a 52-week high of C$8.77. The company's fifty day moving average price is C$7.50 and its 200-day moving average price is C$6.55. The company has a market capitalization of C$1.37 billion, a price-to-earnings ratio of 24.94, 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 results on Wednesday, July 29th. The company reported C$0.16 EPS for the quarter. The business had revenue of C$109.93 million during the quarter. Amerigo Resources had a return on equity of 50.54% and a net margin of 18.55%. Equities analysts predict that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current year.

Amerigo Resources Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 18th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.16 annualized dividend and a dividend yield of 1.9%. Amerigo Resources's 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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