Carmen Amezquita Sells 25,000 Shares of Amerigo Resources (TSE:ARG) Stock

Amerigo Resources Ltd. (TSE:ARG) insider Carmen Amezquita sold 25,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of C$6.93, for a total value of C$173,250.00. Following the completion of the sale, the insider owned 8,939 shares of the company’s stock, valued at approximately C$61,947.27. This trade represents a 73.66% decrease in their position.

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

• On Tuesday, May 26th, Carmen Amezquita sold 25,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$6.77, for a total value of C$169,250.00.
• On Friday, May 22nd, Carmen Amezquita sold 15,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$6.41, for a total value of C$96,150.00.
• 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 value of C$31,750.00.
• On Wednesday, May 13th, Carmen Amezquita sold 25,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$7.05, for a total value of C$176,250.00.

Amerigo Resources Trading Down 0.4%

Amerigo Resources stock opened at C$6.96 on Friday. The firm has a market cap of C$1.13 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 0.32 and a beta of 2.11. The stock has a fifty day simple moving average of C$6.16 and a two-hundred day simple moving average of C$5.39. Amerigo Resources Ltd. has a 12 month low of C$1.82 and a 12 month high of C$7.39.

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

Amerigo Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 18th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, May 29th. Amerigo Resources’s payout ratio is presently 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.