Key Points
- Director Robert Gayton sold 50,000 shares of Amerigo Resources on June 2 at an average price of C$7.29, totaling C$364,500. The sale reduced his direct stake by 25.81% to 143,740 shares.
- Amerigo Resources shares were down 4.9% and opened at C$6.99. The stock has a market cap of about C$1.13 billion and has traded between C$1.82 and C$7.39 over the past year.
- The company recently reported quarterly earnings of C$0.13 per share on revenue of C$91.99 million and also declared a quarterly dividend of C$0.04 per share, which implies a 2.3% annualized yield.
Amerigo Resources Ltd. (TSE:ARG - Get Free Report) insider Carmen Amezquita sold 25,000 shares of Amerigo Resources stock in a transaction on Monday, June 1st. The stock was sold at an average price of C$6.93, for a total transaction of C$173,250.00. Following the transaction, the insider directly owned 8,939 shares of the company's stock, valued at approximately C$61,947.27. This trade represents a 73.66% decrease in their ownership of the stock.
Carmen Amezquita also recently made the following trade(s):
- On Tuesday, May 26th, Carmen Amezquita sold 25,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$6.77, for a total transaction of C$169,250.00.
- On Friday, May 22nd, Carmen Amezquita sold 15,000 shares of Amerigo Resources stock. The stock was 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 stock was 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 Stock Performance
Shares of ARG opened at C$6.99 on Thursday. The firm has a market cap of C$1.13 billion, a P/E ratio of 24.96, a price-to-earnings-growth ratio of 0.32 and a beta of 2.11. Amerigo Resources Ltd. has a 52 week low of C$1.82 and a 52 week high of C$7.39. The firm's 50-day simple moving average is C$6.11 and its 200 day simple moving average is C$5.36.
Amerigo Resources (TSE:ARG - Get 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. Amerigo Resources had a net margin of 15.26% and a return on equity of 42.44%. The firm had revenue of C$91.99 million during the quarter. As a group, equities analysts forecast that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current year.
Amerigo Resources Announces Dividend
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 $0.04 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.16 annualized dividend and a yield of 2.3%. Amerigo Resources's 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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
