Key Points
- Amerigo Resources insider Carmen Amezquita sold 25,000 shares on May 26 at an average price of C$6.77, totaling C$169,250. After the sale, Amezquita’s holding fell by 42.42% to 33,939 shares.
- Amezquita has been actively selling shares recently, including two additional sales on May 22 and another on May 13, indicating a broader pattern of insider selling over the past few weeks.
- Amerigo Resources recently reported C$0.13 EPS for the quarter and announced a quarterly dividend of C$0.04 per share, implying a 2.4% annualized yield.
Amerigo Resources Ltd. (TSE:ARG - Get Free Report) insider Carmen Amezquita sold 25,000 shares of Amerigo Resources stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of C$6.77, for a total transaction of C$169,250.00. Following the completion of the transaction, the insider directly owned 33,939 shares in the company, valued at approximately C$229,767.03. The trade was a 42.42% decrease in their position.
Carmen Amezquita also recently made the following trade(s):
- On Friday, May 22nd, Carmen Amezquita sold 15,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$6.41, for a total transaction of C$96,150.00.
- On Friday, May 22nd, Carmen Amezquita sold 5,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$6.35, for a total transaction of C$31,750.00.
- On Wednesday, May 13th, Carmen Amezquita sold 25,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.05, for a total transaction of C$176,250.00.
Amerigo Resources Price Performance
TSE ARG opened at C$6.67 on Friday. Amerigo Resources Ltd. has a 12-month low of C$1.81 and a 12-month high of C$7.16. The company has a market capitalization of C$1.08 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 0.32 and a beta of 2.11. The firm's 50 day moving average is C$5.94 and its 200-day moving average is C$5.26.
Amerigo Resources (TSE:ARG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$0.13 earnings per share (EPS) for the quarter. Amerigo Resources had a return on equity of 42.44% and a net margin of 15.26%.The company had revenue of C$91.99 million for the quarter. As a group, sell-side analysts expect that Amerigo Resources Ltd. will post 0.2850394 EPS for the current year.
Amerigo Resources Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 18th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, May 29th. Amerigo Resources's dividend payout ratio is 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.
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