Aurora Davidson Sells 8,000 Shares of Amerigo Resources (TSE:ARG) Stock

Amerigo Resources Ltd. (TSE:ARG) Director Aurora Davidson sold 8,000 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of C$8.08, for a total transaction of C$64,640.00. Following the completion of the sale, the director owned 1,623,554 shares of the company’s stock, valued at C$13,118,316.32. This trade represents a 0.49% decrease in their position.

Aurora Davidson also recently made the following trade(s):

• On Tuesday, September 15th, Aurora Davidson sold 3,700 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.30, for a total transaction of C$30,710.00.
• On Tuesday, September 15th, Aurora Davidson sold 3,300 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.19, for a total transaction of C$27,027.00.
• On Tuesday, September 8th, Aurora Davidson sold 2,500 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.60, for a total transaction of C$21,500.00.
• On Tuesday, September 8th, Aurora Davidson sold 10,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.47, for a total value of C$84,700.00.
• On Tuesday, September 8th, Aurora Davidson sold 7,500 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.53, for a total value of C$63,975.00.
• On Wednesday, September 2nd, Aurora Davidson sold 6,300 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.15, for a total value of C$51,345.00.
• On Wednesday, September 2nd, Aurora Davidson sold 6,500 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.04, for a total value of C$52,260.00.
• On Wednesday, September 2nd, Aurora Davidson sold 2,200 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.00, for a total transaction of C$17,600.00.
• On Tuesday, September 1st, Aurora Davidson sold 8,100 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.99, for a total transaction of C$64,719.00.
• On Tuesday, September 1st, Aurora Davidson sold 5,400 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.95, for a total transaction of C$42,930.00.

Amerigo Resources Stock Performance

ARG stock traded down C$0.22 during trading on Tuesday, reaching C$8.19. 1,077,307 shares of the company were exchanged, compared to its average volume of 912,922. The stock’s 50 day moving average price is C$7.71 and its 200 day moving average price is C$6.63. Amerigo Resources Ltd. has a 52-week low of C$2.32 and a 52-week high of C$8.92. The company has a market cap of C$1.32 billion, a P/E ratio of 24.09, a PEG ratio of 0.32 and a beta of 2.15.

Amerigo Resources (TSE:ARG) last issued its earnings results on Wednesday, July 29th. The company reported C$0.16 earnings per share (EPS) for the quarter. Amerigo Resources had a net margin of 18.55% and a return on equity of 50.54%. The company had revenue of C$109.93 million during the quarter. As a group, equities research analysts forecast that Amerigo Resources Ltd. will post 0.2850394 EPS for the current year.

Amerigo Resources Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 18th will be issued a $0.04 dividend. The ex-dividend date is Friday, August 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.0%. Amerigo Resources’s dividend payout ratio is currently 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.