Amerigo Resources (TSE:ARG) Director Sells C$63,920.00 in Stock

Amerigo Resources Ltd. (TSE:ARG) Director Aurora Davidson sold 8,000 shares of the company’s stock in a transaction on Monday, October 19th. The stock was sold at an average price of C$7.99, for a total transaction of C$63,920.00. Following the completion of the sale, the director owned 1,480,554 shares of the company’s stock, valued at approximately C$11,829,626.46. The trade was a 0.54% decrease in their position.

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

• On Monday, October 19th, Aurora Davidson sold 7,800 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.05, for a total transaction of C$62,790.00.
• On Monday, October 19th, Aurora Davidson sold 4,200 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.03, for a total transaction of C$33,726.00.
• On Tuesday, October 13th, Aurora Davidson sold 8,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.26, for a total transaction of C$66,080.00.
• On Tuesday, October 13th, Aurora Davidson sold 6,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.55, for a total transaction of C$51,300.00.
• On Friday, October 2nd, Aurora Davidson sold 4,300 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.85, for a total transaction of C$38,055.00.
• On Friday, October 2nd, Aurora Davidson sold 2,500 shares of Amerigo Resources stock. The shares were 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 stock was sold at an average price of C$9.02, for a total value of C$18,040.00.
• On Thursday, October 1st, Aurora Davidson sold 5,700 shares of Amerigo Resources stock. The stock was 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 shares were sold at an average price of C$8.59, for a total value of C$60,130.00.

Amerigo Resources Trading Down 2.5%

Shares of ARG traded down C$0.20 on Monday, reaching C$7.95. 658,099 shares of the company’s stock traded hands, compared to its average volume of 898,648. The stock has a market cap of C$1.28 billion, a PE ratio of 23.38, a PEG ratio of 0.32 and a beta of 1.89. The stock’s 50 day simple moving average is C$8.35 and its two-hundred day simple moving average is C$7.18. Amerigo Resources Ltd. has a 52-week low of C$2.59 and a 52-week high of C$9.11.

Amerigo Resources (TSE:ARG) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C$0.16 EPS for the quarter. Amerigo Resources had a return on equity of 50.54% and a net margin of 18.55%. The business had revenue of C$109.93 million for the quarter. Analysts forecast that Amerigo Resources Ltd. will post 0.29 earnings per share for the current year.

Amerigo Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 18th were issued a $0.04 dividend. This is a decrease from Amerigo Resources’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, August 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.0%. Amerigo Resources’s payout ratio 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.