Robert Gayton Sells 40,000 Shares of Amerigo Resources (TSE:ARG) Stock

Key Points

• Director Robert Gayton sold 40,000 Amerigo Resources shares at an average C$7.91, worth C$316,400, reducing his ownership by 18.74% to 173,457 shares. He also sold 10,000 shares the same day after purchasing 69,717 shares on August 10.
• Amerigo Resources shares traded at C$7.91, near their 52-week high of C$8.48, with a market capitalization of approximately C$1.28 billion. The company recently reported quarterly EPS of C$0.16 and revenue of C$109.93 million.
• The company announced a quarterly dividend of C$0.04 per share, or C$0.16 annualized, representing a 2.0% yield and a 77.12% payout ratio.

Amerigo Resources Ltd. (TSE:ARG - Get Free Report) Director Robert Gayton sold 40,000 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of C$7.91, for a total value of C$316,400.00. Following the completion of the sale, the director owned 173,457 shares in the company, valued at C$1,372,044.87. This represents a 18.74% decrease in their ownership of the stock.

Robert Gayton also recently made the following trade(s):

• On Tuesday, August 11th, Robert Gayton sold 10,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.89, for a total value of C$78,900.00.
• On Monday, August 10th, Robert Gayton acquired 69,717 shares of Amerigo Resources stock. The shares were bought at an average price of C$8.26 per share, with a total value of C$575,862.42.
• On Tuesday, June 2nd, Robert Gayton sold 50,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.29, for a total transaction of C$364,500.00.

Amerigo Resources Stock Performance

ARG stock traded down C$0.12 during trading on Wednesday, hitting C$7.91. The stock had a trading volume of 266,379 shares, compared to its average volume of 942,642. The stock has a market cap of C$1.28 billion, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 0.32 and a beta of 2.16. The company's 50 day moving average price is C$6.87 and its two-hundred day moving average price is C$6.24. Amerigo Resources Ltd. has a 1-year low of C$2.07 and a 1-year high of C$8.48.

Amerigo Resources (TSE:ARG - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported C$0.16 earnings per share (EPS) for the quarter. The company 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%. As a group, sell-side analysts forecast that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current fiscal year.

Amerigo Resources Cuts Dividend

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