Insider Selling: Amerigo Resources (TSE:ARG) Director Sells C$38,055.00 in Stock

Amerigo Resources Ltd. (TSE:ARG) Director Aurora Davidson sold 4,300 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of C$8.85, for a total transaction of C$38,055.00. Following the transaction, the director directly owned 1,569,254 shares of the company’s stock, valued at C$13,887,897.90. The trade was a 0.27% decrease in their ownership of the stock.

Aurora Davidson also recently made the following trade(s):

• On Friday, October 2nd, Aurora Davidson sold 2,500 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.85, for a total transaction of C$22,125.00.
• On Friday, October 2nd, Aurora Davidson sold 4,200 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.80, for a total transaction of C$36,960.00.
• On Friday, October 2nd, Aurora Davidson sold 2,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$9.02, for a total transaction of C$18,040.00.
• On Thursday, October 1st, Aurora Davidson sold 5,700 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.58, for a total value of C$48,906.00.
• On Thursday, October 1st, Aurora Davidson sold 7,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.59, for a total value of C$60,130.00.
• On Thursday, October 1st, Aurora Davidson sold 7,300 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.58, for a total value of C$62,634.00.
• On Monday, September 21st, Aurora Davidson sold 2,500 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.62, for a total value of C$21,550.00.
• On Monday, September 21st, Aurora Davidson sold 3,500 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.54, for a total value of C$29,890.00.
• On Monday, September 21st, Aurora Davidson sold 7,100 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.48, for a total value of C$60,208.00.
• On Monday, September 21st, Aurora Davidson sold 4,500 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.46, for a total value of C$38,070.00.

Amerigo Resources Stock Performance

Shares of TSE ARG traded up C$0.27 during midday trading on Friday, hitting C$8.85. 538,491 shares of the company’s stock traded hands, compared to its average volume of 903,747. The firm has a fifty day moving average of C$8.06 and a 200 day moving average of C$6.89. Amerigo Resources Ltd. has a 1 year low of C$2.59 and a 1 year high of C$9.11. The stock has a market capitalization of C$1.43 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 0.32 and a beta of 2.15.

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

Amerigo Resources Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 18th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.8%. This is a drop from Amerigo Resources’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, August 28th. Amerigo Resources’s dividend payout ratio (DPR) is presently 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.