TSE:ARG Stock Earnings Estimates Lowered by Atrium Research

Amerigo Resources Ltd. (TSE:ARG) – Investment analysts at Atrium Research cut their FY2027 earnings per share estimates for shares of Amerigo Resources in a report issued on Wednesday, October 28th. Atrium Research analyst B. Pirie now forecasts that the company will post earnings of $0.35 per share for the year, down from their prior estimate of $0.36. The consensus estimate for Amerigo Resources’ current full-year earnings is $0.29 per share.

Amerigo Resources Stock Up 2.9%

TSE:ARG opened at C$7.76 on Tuesday. The firm’s fifty day simple moving average is C$8.30 and its 200-day simple moving average is C$6.80. Amerigo Resources has a fifty-two week low of C$2.97 and a fifty-two week high of C$9.11. The stock has a market cap of C$1.25 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 0.32 and a beta of 1.89.

Amerigo Resources (TSE:ARG) last released its earnings results on Wednesday, October 28th. The company reported C$0.20 earnings per share (EPS) for the quarter. Amerigo Resources had a return on equity of 68.47% and a net margin of 21.50%. The company had revenue of C$120.47 million for the quarter.

Amerigo Resources Cuts Dividend

The company 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. The ex-dividend date was Friday, August 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.1%. This is a decrease from Amerigo Resources’s previous quarterly dividend of $0.18. Amerigo Resources’s payout ratio is currently 90.37%.

Insiders Place Their Bets

In other news, Director Aurora Davidson sold 4,200 shares of the firm’s stock in a transaction on Monday, October 19th. The stock was sold at an average price of C$8.03, for a total value of C$33,726.00. Following the completion of the transaction, the director owned 1,468,554 shares in the company, valued at C$11,792,488.62. This trade represents a 0.29% decrease in their ownership of the stock. Insiders sold a total of 472,000 shares of company stock valued at $4,002,034 over the last quarter. 12.95% of the stock is currently owned by corporate insiders.

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.