Amerigo Resources (TSE:ARG) Hits New 1-Year High – What’s Next?

Amerigo Resources Ltd. (TSE:ARG)’s share price reached a new 52-week high on Monday . The stock traded as high as C$8.92 and last traded at C$8.89, with a volume of 623690 shares traded. The stock had previously closed at C$8.28.

Amerigo Resources Trading Down 2.6%

The firm has a market cap of C$1.32 billion, a PE ratio of 24.09, a P/E/G ratio of 0.32 and a beta of 2.15. The company’s 50-day moving average is C$7.71 and its 200 day moving average is C$6.63.

Amerigo Resources (TSE:ARG) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C$0.16 earnings per share for the quarter. Amerigo Resources had a net margin of 18.55% and a return on equity of 50.54%. The firm had revenue of C$109.93 million for the quarter. On average, research analysts predict that Amerigo Resources Ltd. will post 0.2850394 EPS for the current fiscal year.

Amerigo Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 18th will be issued a dividend of $0.04 per share. 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 payout ratio is currently 77.12%.

Insider Buying and Selling at Amerigo Resources

In other Amerigo Resources news, Director Aurora Davidson sold 10,900 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of C$7.67, for a total transaction of C$83,603.00. Following the completion of the sale, the director directly owned 1,540,546 shares in the company, valued at approximately C$11,815,987.82. This trade represents a 0.70% decrease in their position. Also, Director Robert Gayton bought 69,717 shares of the stock in a transaction on Monday, August 10th. The shares were acquired at an average cost of C$8.26 per share, for a total transaction of C$575,862.42. Following the purchase, the director owned 213,457 shares in the company, valued at approximately C$1,763,154.82. This represents a 48.50% increase in their ownership of the stock. Insiders have sold 140,000 shares of company stock worth $1,121,218 over the last three months. 12.95% of the stock is owned by insiders.

Amerigo Resources Company Profile

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.