Amerigo Resources (TSE:ARG) Director Aurora Davidson Sells 6,500 Shares of Stock

Amerigo Resources Ltd. (TSE:ARG) Director Aurora Davidson sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of C$8.04, for a total transaction of C$52,260.00. Following the completion of the sale, the director owned 1,458,246 shares of the company’s stock, valued at approximately C$11,724,297.84. This trade represents a 0.44% decrease in their position.

Aurora Davidson also recently made the following trade(s):

• On Wednesday, September 2nd, Aurora Davidson sold 6,300 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.15, for a total transaction of C$51,345.00.
• On Wednesday, September 2nd, Aurora Davidson sold 2,200 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.00, for a total transaction of C$17,600.00.
• On Tuesday, September 1st, Aurora Davidson sold 8,100 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.99, for a total value of C$64,719.00.
• On Tuesday, September 1st, Aurora Davidson sold 5,400 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.95, for a total value of C$42,930.00.
• On Tuesday, September 1st, Aurora Davidson sold 2,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$7.92, for a total value of C$15,840.00.
• On Tuesday, September 1st, Aurora Davidson sold 4,500 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.93, for a total value of C$35,685.00.
• On Monday, August 17th, Aurora Davidson sold 4,600 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.59, for a total value of C$34,914.00.
• On Monday, August 17th, Aurora Davidson sold 10,900 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.67, for a total value of C$83,603.00.
• On Monday, August 17th, Aurora Davidson sold 4,500 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.66, for a total transaction of C$34,470.00.

Amerigo Resources Stock Performance

Shares of TSE ARG traded up C$0.11 during mid-day trading on Wednesday, reaching C$8.05. The company had a trading volume of 363,100 shares, compared to its average volume of 904,274. Amerigo Resources Ltd. has a twelve month low of C$2.23 and a twelve month high of C$8.77. The stock’s 50 day moving average is C$7.29 and its 200-day moving average is C$6.47. The stock has a market capitalization of C$1.30 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 0.32 and a beta of 2.16.

Amerigo Resources (TSE:ARG) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C$0.16 earnings per share for the quarter. The firm had revenue of C$109.93 million for the quarter. Amerigo Resources had a net margin of 18.55% and a return on equity of 50.54%. On average, sell-side analysts anticipate that Amerigo Resources Ltd. will post 0.2850394 EPS for the current year.

Amerigo Resources Cuts Dividend

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

About Amerigo Resources

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.