Carmen Amezquita Sells 25,000 Shares of Amerigo Resources (TSE:ARG) Stock

Amerigo Resources Ltd. (TSE:ARG) insider Carmen Amezquita sold 25,000 shares of Amerigo Resources stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of C$6.77, for a total value of C$169,250.00. Following the transaction, the insider owned 33,939 shares of the company’s stock, valued at C$229,767.03. The trade was a 42.42% decrease in their position.

Carmen Amezquita also recently made the following trade(s):

• On Friday, May 22nd, Carmen Amezquita sold 15,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$6.41, for a total value of C$96,150.00.
• On Friday, May 22nd, Carmen Amezquita sold 5,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$6.35, for a total value of C$31,750.00.
• On Wednesday, May 13th, Carmen Amezquita sold 25,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$7.05, for a total transaction of C$176,250.00.

Amerigo Resources Price Performance

ARG stock remained flat at C$6.67 during mid-day trading on Thursday. 871,624 shares of the company’s stock traded hands, compared to its average volume of 1,036,254. The business has a fifty day simple moving average of C$5.94 and a 200 day simple moving average of C$5.26. The firm has a market cap of C$1.08 billion, a PE ratio of 23.82, a PEG ratio of 0.32 and a beta of 2.11. Amerigo Resources Ltd. has a 1 year low of C$1.81 and a 1 year high of C$7.16.

Amerigo Resources (TSE:ARG) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$0.13 earnings per share (EPS) for the quarter. The firm had revenue of C$91.99 million during the quarter. Amerigo Resources had a net margin of 15.26% and a return on equity of 42.44%. Sell-side analysts predict that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current year.

Amerigo Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 18th will be given a dividend of $0.04 per share. The ex-dividend date is Friday, May 29th. This represents a $0.16 annualized dividend and a yield of 2.4%. Amerigo Resources’s dividend payout ratio (DPR) is 49.30%.

About Amerigo Resources

Amerigo Resources Ltd is principally engaged in the production of copper and molybdenum concentrates through its operating subsidiary Minera Valle Central SA The group operates in one segment, the production of copper concentrates with the production of molybdenum concentrates as a by-product. The company geographically operates in Chile and Canada and earns most of its revenue from Chile.