Amerigo Resources (TSE:ARG) Insider Sells C$56,560.00 in Stock

Amerigo Resources Ltd. (TSE:ARGGet Free Report) insider Kimberly Thomas sold 8,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of C$7.07, for a total value of C$56,560.00. Following the completion of the transaction, the insider directly owned 22,118 shares in the company, valued at approximately C$156,374.26. The trade was a 26.56% decrease in their ownership of the stock.

Amerigo Resources Price Performance

Shares of ARG stock opened at C$6.55 on Friday. Amerigo Resources Ltd. has a fifty-two week low of C$1.72 and a fifty-two week high of C$7.16. The stock’s 50-day moving average is C$5.74 and its two-hundred day moving average is C$5.02. The firm has a market cap of C$1.06 billion, a P/E ratio of 23.39, a PEG ratio of 0.32 and a beta of 2.11.

Amerigo Resources (TSE:ARGGet Free Report) last issued its earnings results on Wednesday, April 29th. The company reported C$0.13 earnings per share for the quarter. Amerigo Resources had a return on equity of 42.44% and a net margin of 15.26%.The company had revenue of C$91.99 million for the quarter. As a group, research analysts expect that Amerigo Resources Ltd. will post 0.2850394 EPS for the current year.

Amerigo Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 18th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.4%. Amerigo Resources’s dividend payout ratio is currently 49.30%.

Amerigo Resources Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Amerigo Resources (TSE:ARG)

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