Key Points
- Director Robert Gayton bought 69,717 Amerigo Resources shares at an average C$8.26 each, investing approximately C$575,862 and increasing his direct stake by 48.5% to 213,457 shares.
- Amerigo Resources reported quarterly earnings of C$0.16 per share on C$109.93 million in revenue, with an 18.55% net margin and 50.54% return on equity.
- The company declared a quarterly dividend of C$0.04 per share, equivalent to C$0.16 annually and a 2.0% yield; the stock recently opened at C$8.03, down 2.8%.
Amerigo Resources Ltd. (TSE:ARG - Get Free Report) Director Robert Gayton acquired 69,717 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average price of C$8.26 per share, for a total transaction of C$575,862.42. Following the transaction, the director directly owned 213,457 shares of the company's stock, valued at C$1,763,154.82. This represents a 48.50% increase in their position.
Robert Gayton also recently made the following trade(s):
- On Tuesday, June 2nd, Robert Gayton sold 50,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.29, for a total value of C$364,500.00.
Amerigo Resources Stock Down 2.8%
Amerigo Resources stock opened at C$8.03 on Wednesday. The stock has a market cap of C$1.30 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 0.32 and a beta of 2.16. The business has a 50-day simple moving average of C$6.87 and a 200 day simple moving average of C$6.24. Amerigo Resources Ltd. has a 52 week low of C$2.06 and a 52 week high of C$8.48.
Amerigo Resources (TSE:ARG - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported C$0.16 earnings per share for the quarter. The firm had revenue of C$109.93 million for the quarter. Amerigo Resources had a return on equity of 50.54% and a net margin of 18.55%. On average, research analysts anticipate that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current year.
Amerigo Resources Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 18th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, August 28th. Amerigo Resources's dividend payout ratio (DPR) is currently 77.12%.
Amerigo Resources Company Profile
(
Get Free Report)
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.
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