Amerigo Resources (TSE:ARG) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Amerigo Resources shares rose 2%, trading at C$8.22 after reaching C$8.24 and moving above the 200-day moving average of C$6.35. The company has a C$1.33 billion market capitalization and a beta of 2.16.
• The company reported quarterly EPS of C$0.16 on revenue of C$109.93 million, with a 50.54% return on equity and an 18.55% net margin.
• Amerigo declared a quarterly dividend of C$0.04, equivalent to C$0.16 annually and a 1.9% yield. However, insiders sold 150,000 shares worth approximately $1.12 million over the past three months.

Amerigo Resources Ltd. (TSE:ARG - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.35 and traded as high as C$8.24. Amerigo Resources shares last traded at C$8.22, with a volume of 518,893 shares changing hands.

Amerigo Resources Stock Up 2.0%

The company has a market capitalization of C$1.33 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 0.32 and a beta of 2.16. The company has a 50 day simple moving average of C$7.10 and a 200 day simple moving average of C$6.35.

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

Amerigo Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 18th will be issued a $0.04 dividend. The ex-dividend date is Friday, August 28th. This represents a $0.16 annualized dividend and a yield of 1.9%. Amerigo Resources's dividend payout ratio (DPR) is presently 77.12%.

Insider Buying and Selling at Amerigo Resources

In other Amerigo Resources news, insider Kimberly Thomas sold 4,200 shares of the business's stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of C$6.67, for a total transaction of C$28,014.00. Following the completion of the sale, the insider directly owned 17,118 shares in the company, valued at C$114,177.06. The trade was a 19.70% decrease in their ownership of the stock. Also, insider Carmen Amezquita sold 25,000 shares of the business's stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of C$6.93, for a total transaction of C$173,250.00. Following the sale, the insider owned 8,939 shares of the company's stock, valued at approximately C$61,947.27. This represents a 73.66% decrease in their ownership of the stock. In the last three months, insiders sold 150,000 shares of company stock valued at $1,119,395. 12.95% of the stock is currently owned by corporate insiders.

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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