Insider Selling: Amerigo Resources (TSE:ARG) Insider Sells 25,000 Shares of Stock

Amerigo Resources Ltd. (TSE:ARG) insider Carmen Amezquita sold 25,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of C$6.93, for a total value of C$173,250.00. Following the sale, the insider owned 8,939 shares in the company, valued at C$61,947.27. The trade was a 73.66% decrease in their position.

Carmen Amezquita also recently made the following trade(s):

• On Tuesday, May 26th, Carmen Amezquita sold 25,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$6.77, for a total value 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 value 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 value 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 value of C$176,250.00.

Amerigo Resources Trading Down 5.3%

TSE:ARG traded down C$0.39 on Wednesday, hitting C$6.96. The company’s stock had a trading volume of 397,360 shares, compared to its average volume of 1,023,602. The stock has a fifty day moving average of C$6.01 and a two-hundred day moving average of C$5.31. The firm has a market capitalization of C$1.13 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 0.32 and a beta of 2.11. Amerigo Resources Ltd. has a one year low of C$1.82 and a one year high of C$7.39.

Amerigo Resources (TSE:ARG) last released its quarterly earnings data on Wednesday, April 29th. The company reported C$0.13 earnings per share (EPS) for the quarter. The firm had revenue of C$91.99 million for the quarter. Amerigo Resources had a return on equity of 42.44% and a net margin of 15.26%. As a group, sell-side analysts anticipate that Amerigo Resources Ltd. will post 0.2850394 EPS for the current year.

Amerigo Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders 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 dividend payout ratio is currently 49.30%.

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.