FY2027 EPS Forecast for Amerigo Resources Lowered by Analyst

Amerigo Resources Ltd. (TSE:ARG) – Analysts at Atrium Research lowered their FY2027 EPS estimates for Amerigo Resources in a report released on Wednesday, July 29th. Atrium Research analyst B. Pirie now expects that the company will post earnings of $0.25 per share for the year, down from their previous estimate of $0.28. The consensus estimate for Amerigo Resources’ current full-year earnings is $0.29 per share.

Amerigo Resources Stock Up 8.1%

Shares of TSE ARG opened at C$7.17 on Monday. The stock has a market capitalization of C$1.16 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 0.32 and a beta of 2.15. The stock’s fifty day simple moving average is C$6.75 and its 200 day simple moving average is C$6.16. Amerigo Resources has a 52-week low of C$2.04 and a 52-week high of C$7.93.

Amerigo Resources (TSE:ARG) last posted its quarterly earnings results on Wednesday, July 29th. The company reported C$0.16 earnings per share (EPS) for the quarter. The company had revenue of C$109.93 million for the quarter. Amerigo Resources had a return on equity of 50.54% and a net margin of 18.55%.

Amerigo Resources Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 18th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, August 28th. Amerigo Resources’s dividend payout ratio (DPR) is presently 77.12%.

Insider Transactions at Amerigo Resources

In other Amerigo Resources news, insider Carmen Amezquita sold 25,000 shares of Amerigo Resources stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of C$6.93, for a total transaction of C$173,250.00. Following the transaction, the insider directly owned 8,939 shares in the company, valued at approximately C$61,947.27. The trade was a 73.66% decrease in their position. Also, insider Kimberly Thomas sold 8,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of C$7.07, for a total transaction of C$56,560.00. Following the sale, the insider directly owned 22,118 shares in the company, valued at approximately C$156,374.26. This trade represents a 26.56% decrease in their ownership of the stock. Insiders have sold a total of 158,000 shares of company stock valued at $1,101,068 over the last ninety days. Corporate insiders own 12.95% of the company’s stock.

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.