Amerigo Resources (TSE:ARG) Director Robert Gayton Sells 50,000 Shares of Stock

Amerigo Resources Ltd. (TSE:ARGGet Free Report) Director Robert Gayton sold 50,000 shares of Amerigo Resources stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of C$7.29, for a total value of C$364,500.00. Following the completion of the transaction, the director owned 143,740 shares of the company’s stock, valued at approximately C$1,047,864.60. The trade was a 25.81% decrease in their ownership of the stock.

Amerigo Resources Stock Performance

Shares of ARG opened at C$6.99 on Thursday. Amerigo Resources Ltd. has a 1 year low of C$1.82 and a 1 year high of C$7.39. The company has a market cap of C$1.13 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 0.32 and a beta of 2.11. The firm has a fifty day moving average of C$6.11 and a 200-day moving average of C$5.36.

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

Amerigo Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 18th will be issued a $0.04 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.3%. Amerigo Resources’s dividend payout ratio is presently 49.30%.

About Amerigo Resources

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Amerigo Resources (TSE:ARG)

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