Key Points
- Director George Ireland sold 45,000 Amerigo Resources shares at an average C$8.76 per share, generating C$394,200. He retained 10.17 million shares worth approximately C$89.1 million.
- Amerigo Resources shares were trading down 3.2%, opening at C$8.64, while remaining near their 52-week high of C$8.93. The company has a C$1.39 billion market capitalization and a beta of 2.15.
- The company reported quarterly revenue of C$109.93 million and EPS of C$0.16, alongside a quarterly dividend of C$0.04 per share, equivalent to a 1.9% annualized yield.
Amerigo Resources Ltd. (TSE:ARG - Get Free Report) Director George Ireland sold 45,000 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of C$8.76, for a total value of C$394,200.00. Following the transaction, the director directly owned 10,172,156 shares in the company, valued at approximately C$89,108,086.56. This represents a 0.44% decrease in their position.
Amerigo Resources Trading Down 3.2%
Shares of ARG opened at C$8.64 on Tuesday. Amerigo Resources Ltd. has a 52 week low of C$2.42 and a 52 week high of C$8.93. The firm has a market cap of C$1.39 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 0.32 and a beta of 2.15. The stock has a 50 day moving average of C$7.84 and a 200-day moving average of C$6.71.
Amerigo Resources (TSE:ARG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported C$0.16 earnings per share (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. On average, sell-side analysts predict that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current fiscal year.
Amerigo Resources Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 18th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, August 28th. Amerigo Resources's dividend payout ratio is 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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