Amerigo Resources (TSE:ARG) Director Sells C$364,500.00 in Stock

Amerigo Resources Ltd. (TSE:ARG) Director Robert Gayton sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of C$7.29, for a total value of C$364,500.00. Following the completion of the transaction, the director directly owned 143,740 shares in the company, valued at C$1,047,864.60. The trade was a 25.81% decrease in their ownership of the stock.

Amerigo Resources Stock Performance

Shares of ARG stock opened at C$6.15 on Friday. The stock’s 50 day simple moving average is C$6.18 and its 200 day simple moving average is C$5.40. Amerigo Resources Ltd. has a twelve month low of C$1.82 and a twelve month high of C$7.39. The company has a market capitalization of C$995.05 million, a price-to-earnings ratio of 21.96, a PEG ratio of 0.32 and a beta of 2.10.

Amerigo Resources (TSE:ARG) last issued its quarterly earnings data 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 business had revenue of C$91.99 million for the quarter. On average, analysts forecast that Amerigo Resources Ltd. will post 0.2850394 EPS for the current fiscal year.

Amerigo Resources Dividend Announcement

The business also recently disclosed 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. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, May 29th. Amerigo Resources’s dividend payout ratio (DPR) is presently 49.30%.

Amerigo Resources Company Profile

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.