Amerigo Resources Ltd. (TSE:ARG) Plans $0.04 Quarterly Dividend

Amerigo Resources Ltd. (TSE:ARG) announced a quarterly dividend on Friday, May 29th, TickerTech Dividends reports. Investors of record on Thursday, June 18th will be given a dividend of 0.04 per share on Thursday, June 18th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, May 29th.

Amerigo Resources Price Performance

ARG stock opened at C$6.69 on Wednesday. The business has a fifty day moving average price of C$5.88 and a 200 day moving average price of C$5.21. Amerigo Resources has a fifty-two week low of C$1.81 and a fifty-two week high of C$7.16. The stock has a market capitalization of C$1.08 billion, a price-to-earnings ratio of 23.89, a P/E/G ratio of 0.32 and a beta of 2.11.

Amerigo Resources (TSE:ARG) last released its quarterly earnings results on Wednesday, April 29th. The company reported C$0.13 earnings per share for the quarter. Amerigo Resources had a return on equity of 42.44% and a net margin of 15.26%.The firm had revenue of C$91.99 million during the quarter. On average, equities analysts expect that Amerigo Resources will post 0.2850394 earnings per share for the current fiscal year.

Insider Activity at Amerigo Resources

In related news, Director Christian Caceres sold 34,381 shares of the firm’s stock in a transaction on Thursday, March 26th. The stock was sold at an average price of C$4.81, for a total transaction of C$165,372.61. Following the completion of the sale, the director directly owned 89,200 shares of the company’s stock, valued at C$429,052. This trade represents a 27.82% decrease in their position. Also, insider Carmen Amezquita sold 15,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of C$6.41, for a total value of C$96,150.00. Following the sale, the insider directly owned 68,939 shares of the company’s stock, valued at C$441,898.99. This represents a 17.87% decrease in their ownership of the stock. Insiders sold 176,581 shares of company stock valued at $952,187 in the last three months. Corporate insiders own 12.95% of the company’s stock.

About Amerigo Resources

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.