Amerigo Resources (TSE:ARG) Reaches New 12-Month High – Time to Buy?

Amerigo Resources Ltd. (TSE:ARG) hit a new 52-week high on Tuesday . The stock traded as high as C$7.32 and last traded at C$6.93, with a volume of 775527 shares traded. The stock had previously closed at C$6.65.

Amerigo Resources Stock Performance

The firm has a market cap of C$1.12 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 0.32 and a beta of 2.11. The firm has a 50-day moving average price of C$6.01 and a two-hundred day moving average price of C$5.31.

Amerigo Resources (TSE:ARG) last issued its earnings results on Wednesday, April 29th. The company reported C$0.13 earnings per share for the quarter. Amerigo Resources had a return on equity of 42.44% and a net margin of 15.26%.The business had revenue of C$91.99 million for the quarter. Research analysts anticipate that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current year.

Amerigo Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 18th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, May 29th. Amerigo Resources’s dividend payout ratio (DPR) is currently 49.30%.

Insider Buying and Selling

In related news, insider Kimberly Thomas sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of C$7.07, for a total transaction of C$56,560.00. Following the transaction, the insider owned 22,118 shares in the company, valued at C$156,374.26. This trade represents a 26.56% decrease in their position. Also, insider Carmen Amezquita sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at C$229,767.03. This represents a 42.42% decrease in their position. Insiders have sold 206,581 shares of company stock worth $1,154,795 in the last quarter. 12.95% of the stock is owned by insiders.

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.