Carmen Amezquita Sells 15,000 Shares of Amerigo Resources (TSE:ARG) Stock

Amerigo Resources Ltd. (TSE:ARG) insider Carmen Amezquita sold 15,000 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of C$6.41, for a total transaction of C$96,150.00. Following the transaction, the insider owned 68,939 shares of the company’s stock, valued at C$441,898.99. This trade represents a 17.87% decrease in their ownership of the stock.

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

• 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 transaction 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 transaction of C$176,250.00.

Amerigo Resources Trading Up 4.0%

Shares of ARG traded up C$0.26 during mid-day trading on Monday, reaching C$6.74. 315,007 shares of the stock traded hands, compared to its average volume of 1,048,036. The firm has a fifty day moving average price of C$5.83 and a 200 day moving average price of C$5.16. The company has a market cap of C$1.09 billion, a price-to-earnings ratio of 24.07, a price-to-earnings-growth ratio of 0.32 and a beta of 2.11. Amerigo Resources Ltd. has a 1 year low of C$1.81 and a 1 year high of C$7.16.

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

Amerigo Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 18th will be given 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 is Friday, May 29th. Amerigo Resources’s payout ratio is 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.