Amerigo Resources (TSE:ARG) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Amerigo Resources Ltd. (TSE:ARG)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.12 and traded as high as C$7.27. Amerigo Resources shares last traded at C$6.73, with a volume of 1,072,267 shares changing hands.

Amerigo Resources Stock Performance

The company has a market cap of C$1.07 billion, a P/E ratio of 23.68, a P/E/G ratio of 0.32 and a beta of 2.15. The stock’s fifty day moving average price is C$6.74 and its two-hundred day moving average price is C$6.13.

Amerigo Resources (TSE:ARG) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C$0.16 earnings per share (EPS) for the quarter. Amerigo Resources had a net margin of 15.26% and a return on equity of 42.44%. The business had revenue of C$109.93 million for the quarter. On average, equities research analysts forecast that Amerigo Resources Ltd. will post 0.2850394 EPS for the current year.

Amerigo Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 6th. Stockholders of record on Thursday, August 6th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 10.9%. The ex-dividend date is Monday, July 13th. This is a positive change from Amerigo Resources’s previous quarterly dividend of $0.04. Amerigo Resources’s dividend payout ratio is 49.30%.

Insider Transactions at Amerigo Resources

In related news, Director Robert Gayton sold 50,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of C$7.29, for a total transaction of C$364,500.00. Following the completion of the sale, the director directly owned 143,740 shares in the company, valued at C$1,047,864.60. This represents a 25.81% decrease in their position. Also, insider Carmen Amezquita sold 25,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were 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 directly owned 8,939 shares in the company, valued at C$61,947.27. This trade represents a 73.66% decrease in their ownership of the stock. In the last quarter, insiders sold 158,000 shares of company stock valued at $1,101,068. Corporate insiders own 12.95% of the company’s stock.

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.