Amerigo Resources (TSE:ARG) Sets New 12-Month High – Should You Buy?

Amerigo Resources Ltd. (TSE:ARG) shares hit a new 52-week high during trading on Wednesday . The company traded as high as C$7.93 and last traded at C$7.89, with a volume of 365578 shares traded. The stock had previously closed at C$7.60.

Amerigo Resources Price Performance

The firm has a market capitalization of C$1.24 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 0.32 and a beta of 2.15. The business’s 50-day moving average price is C$6.67 and its 200 day moving average price is C$6.06.

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

Amerigo Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 6th. Stockholders of record on Thursday, August 6th will be paid a $0.18 dividend. This is a boost from Amerigo Resources’s previous quarterly dividend of $0.04. The ex-dividend date is Monday, July 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 9.4%. Amerigo Resources’s dividend payout ratio (DPR) is currently 49.30%.

Insider Activity at Amerigo Resources

In other Amerigo Resources news, insider Carmen Amezquita sold 25,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of C$6.93, for a total transaction of C$173,250.00. Following the transaction, the insider owned 8,939 shares of the company’s stock, valued at C$61,947.27. This trade represents a 73.66% decrease in their position. Also, Director Robert Gayton sold 50,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of C$7.29, for a total value of C$364,500.00. Following the transaction, the director owned 143,740 shares in the company, valued at C$1,047,864.60. This trade represents a 25.81% decrease in their ownership of the stock. Insiders sold a total of 158,000 shares of company stock valued at $1,101,068 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.