Amerigo Resources (TSE:ARG) Director Robert Gayton Sells 50,000 Shares

Amerigo Resources Ltd. (TSE:ARG) Director Robert Gayton sold 50,000 shares of Amerigo Resources stock in a transaction on Tuesday, June 2nd. The shares were 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 owned 143,740 shares in the company, valued at C$1,047,864.60. The trade was a 25.81% decrease in their ownership of the stock.

Amerigo Resources Trading Down 5.3%

Shares of Amerigo Resources stock traded down C$0.39 during trading on Wednesday, hitting C$6.96. 397,360 shares of the stock were exchanged, compared to its average volume of 1,023,602. The stock has a market capitalization of C$1.13 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 0.32 and a beta of 2.11. The company has a fifty day moving average price of C$6.01 and a 200-day moving average price of C$5.31. Amerigo Resources Ltd. has a 1-year low of C$1.82 and a 1-year high of C$7.39.

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

Amerigo Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 18th will be paid a dividend of $0.04 per share. The ex-dividend date is Friday, May 29th. This represents a $0.16 annualized dividend and a dividend yield of 2.3%. Amerigo Resources’s payout ratio is currently 49.30%.

Amerigo Resources Company Profile

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.