Amerigo Resources (TSE:ARG) Director Buys C$575,862.42 in Stock

Amerigo Resources Ltd. (TSE:ARG) Director Robert Gayton acquired 69,717 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was purchased at an average price of C$8.26 per share, with a total value of C$575,862.42. Following the acquisition, the director owned 213,457 shares of the company’s stock, valued at C$1,763,154.82. This represents a 48.50% increase in their position.

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

• On Tuesday, August 11th, Robert Gayton sold 40,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.91, for a total value of C$316,400.00.
• 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 transaction of C$78,900.00.
• On Tuesday, June 2nd, Robert Gayton sold 50,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$7.29, for a total transaction of C$364,500.00.

Amerigo Resources Price Performance

Shares of Amerigo Resources stock opened at C$7.57 on Friday. The company has a 50-day moving average of C$6.90 and a 200 day moving average of C$6.27. The firm has a market cap of C$1.22 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 0.32 and a beta of 2.16. 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) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C$0.16 EPS for the quarter. Amerigo Resources had a net margin of 18.55% and a return on equity of 50.54%. The business had revenue of C$109.93 million for the quarter. On average, equities analysts anticipate that Amerigo Resources Ltd. will post 0.2850394 EPS for the current year.

Amerigo Resources Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 18th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, August 28th. Amerigo Resources’s payout ratio is currently 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.