Amerigo Resources (TSE:ARG) Director Robert Gayton Buys 69,717 Shares

Amerigo Resources Ltd. (TSE:ARG) Director Robert Gayton acquired 69,717 shares of the stock in a transaction on Monday, August 10th. The stock was bought at an average cost of C$8.26 per share, with a total value of C$575,862.42. Following the completion of the transaction, the director owned 213,457 shares in the company, valued at C$1,763,154.82. This trade represents a 48.50% increase in their ownership of the stock.

Robert Gayton also recently made the following trade(s):

• On Tuesday, June 2nd, Robert Gayton sold 50,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$7.29, for a total transaction of C$364,500.00.

Amerigo Resources Trading Down 4.0%

Shares of Amerigo Resources stock traded down C$0.33 on Tuesday, hitting C$7.93. 411,554 shares of the company traded hands, compared to its average volume of 946,145. The company has a market cap of C$1.28 billion, a PE ratio of 23.32, a PEG ratio of 0.32 and a beta of 2.16. The stock’s 50 day moving average price is C$6.85 and its 200-day moving average price is C$6.23. 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) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C$0.16 earnings per share (EPS) for the quarter. The company 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%. As a group, research analysts anticipate that Amerigo Resources Ltd. will post 0.2850394 EPS for the current fiscal year.

Amerigo Resources Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 18th will be paid a dividend of $0.04 per share. The ex-dividend date is Friday, August 28th. This represents a $0.16 annualized dividend and a dividend yield of 2.0%. Amerigo Resources’s dividend payout ratio (DPR) is currently 77.12%.

Amerigo Resources Company Profile

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.