Amerigo Resources (TSE:ARG) Director Sells C$1,752,000.00 in Stock

Amerigo Resources Ltd. (TSE:ARG) Director George Ireland sold 200,000 shares of the stock in a transaction on Friday, September 18th. The shares were sold at an average price of C$8.76, for a total transaction of C$1,752,000.00. Following the transaction, the director owned 9,972,156 shares in the company, valued at C$87,356,086.56. This trade represents a 1.97% decrease in their ownership of the stock.

Amerigo Resources Price Performance

Shares of ARG stock opened at C$8.73 on Thursday. The firm has a fifty day moving average of C$7.90 and a two-hundred day moving average of C$6.75. The firm has a market cap of C$1.41 billion, a P/E ratio of 25.68, a P/E/G ratio of 0.32 and a beta of 2.15. Amerigo Resources Ltd. has a 1-year low of C$2.47 and a 1-year high of C$9.09.

Amerigo Resources (TSE:ARG) last issued 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 for the quarter. Amerigo Resources had a net margin of 18.55% and a return on equity of 50.54%. On average, sell-side analysts expect that Amerigo Resources Ltd. will post 0.2850394 EPS for the current year.

Amerigo Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 18th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, August 28th. Amerigo Resources’s dividend payout ratio (DPR) is currently 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.