Robert Gayton Acquires 69,717 Shares of Amerigo Resources (TSE:ARG) Stock

Amerigo Resources Ltd. (TSE:ARG) Director Robert Gayton bought 69,717 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were bought at an average cost of C$8.26 per share, for a total transaction of C$575,862.42. Following the transaction, the director owned 213,457 shares in the company, valued at approximately C$1,763,154.82. The trade was a 48.50% increase in their position.

Robert Gayton also recently made the following trade(s):

• On Tuesday, June 2nd, Robert Gayton sold 50,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$7.29, for a total value of C$364,500.00.

Amerigo Resources Stock Performance

TSE ARG traded down C$0.33 on Tuesday, hitting C$7.93. 411,554 shares of the stock were exchanged, compared to its average volume of 946,145. The stock has a fifty day moving average price of C$6.85 and a two-hundred day moving average price of C$6.23. The firm has a market capitalization of C$1.28 billion, a P/E ratio of 23.32, a P/E/G ratio of 0.32 and a beta of 2.16. Amerigo Resources Ltd. has a 52-week low of C$2.06 and a 52-week high of C$8.48.

Amerigo Resources (TSE:ARG) last announced its earnings results on Wednesday, July 29th. The company reported C$0.16 earnings per share for the quarter. The business had revenue of C$109.93 million for the quarter. Amerigo Resources had a net margin of 18.55% and a return on equity of 50.54%. Sell-side analysts expect that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current fiscal year.

Amerigo Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 18th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.16 annualized dividend and a yield of 2.0%. Amerigo Resources’s dividend payout ratio (DPR) is presently 77.12%.

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.