Amerigo Resources (TSE:ARG) Announces Quarterly Earnings Results

Amerigo Resources (TSE:ARG) issued its earnings results on Wednesday. The company reported C$0.20 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$120.47 million for the quarter. Amerigo Resources had a return on equity of 68.47% and a net margin of 21.50%.

Amerigo Resources Trading Down 1.5%

Shares of Amerigo Resources stock opened at C$7.77 on Friday. The firm has a market capitalization of C$1.25 billion, a PE ratio of 22.85, a P/E/G ratio of 0.32 and a beta of 1.89. Amerigo Resources has a twelve month low of C$2.93 and a twelve month high of C$9.11. The firm’s 50-day moving average price is C$8.31 and its 200 day moving average price is C$6.78.

Amerigo Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 18th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.1%. This is a decrease from Amerigo Resources’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, August 28th. Amerigo Resources’s payout ratio is currently 77.12%.

Insider Activity

In other Amerigo Resources news, Director Aurora Davidson sold 4,200 shares of the business’s stock in a transaction on Monday, October 19th. The shares were sold at an average price of C$8.03, for a total value of C$33,726.00. Following the completion of the transaction, the director owned 1,468,554 shares in the company, valued at C$11,792,488.62. The trade was a 0.29% decrease in their ownership of the stock. Insiders have sold a total of 472,000 shares of company stock worth $4,002,034 over the last 90 days. 12.95% of the stock is currently owned by corporate insiders.

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.