Insider Selling: Amerigo Resources (TSE:ARG) Insider Sells C$176,250.00 in Stock

Amerigo Resources Ltd. (TSE:ARG) insider Carmen Amezquita sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of C$7.05, for a total transaction of C$176,250.00. Following the transaction, the insider owned 83,939 shares of the company’s stock, valued at approximately C$591,769.95. This represents a 22.95% decrease in their ownership of the stock.

Amerigo Resources Price Performance

Shares of ARG opened at C$6.55 on Friday. Amerigo Resources Ltd. has a one year low of C$1.72 and a one year high of C$7.16. The company has a market cap of C$1.06 billion, a P/E ratio of 23.39, a P/E/G ratio of 0.32 and a beta of 2.11. The firm has a 50 day simple moving average of C$5.74 and a two-hundred day simple moving average of C$5.02.

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

Amerigo Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 18th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, May 29th. Amerigo Resources’s payout ratio 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.