Amerigo Resources (TSE:ARG) Director Sells 8,000 Shares of Company Stock

Amerigo Resources Ltd. (TSE:ARG – Get Free Report) Director Aurora Davidson sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of C$8.26, for a total value of C$66,080.00. Following the sale, the director owned 1,509,554 shares of the company’s stock, valued at approximately C$12,468,916.04. This trade represents a 0.53% decrease in their position.

Aurora Davidson also recently made the following trade(s):

  • On Tuesday, October 13th, Aurora Davidson sold 6,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.55, for a total value of C$51,300.00.
  • On Friday, October 2nd, Aurora Davidson sold 4,300 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.85, for a total value of C$38,055.00.
  • On Friday, October 2nd, Aurora Davidson sold 2,500 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.85, for a total transaction of C$22,125.00.
  • On Friday, October 2nd, Aurora Davidson sold 4,200 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.80, for a total transaction of C$36,960.00.
  • On Friday, October 2nd, Aurora Davidson sold 2,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$9.02, for a total transaction of C$18,040.00.
  • On Thursday, October 1st, Aurora Davidson sold 5,700 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.58, for a total transaction of C$48,906.00.
  • On Thursday, October 1st, Aurora Davidson sold 7,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.59, for a total transaction of C$60,130.00.
  • On Thursday, October 1st, Aurora Davidson sold 7,300 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.58, for a total transaction of C$62,634.00.
  • On Monday, September 21st, Aurora Davidson sold 2,500 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.62, for a total transaction of C$21,550.00.
  • On Monday, September 21st, Aurora Davidson sold 3,500 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.54, for a total transaction of C$29,890.00.

Amerigo Resources Stock Down 5.1%

Shares of ARG traded down C$0.46 during midday trading on Wednesday, hitting C$8.52. The company had a trading volume of 663,260 shares, compared to its average volume of 897,767. The stock has a market cap of C$1.38 billion, a price-to-earnings ratio of 25.06, a PEG ratio of 0.32 and a beta of 1.89. The company’s 50 day moving average price is C$8.33 and its 200 day moving average price is C$7.10. Amerigo Resources Ltd. has a 52 week low of C$2.59 and a 52 week high of C$9.11.

Amerigo Resources (TSE:ARG – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C$0.16 earnings per share for the quarter. The firm had revenue of C$109.93 million during the quarter. Amerigo Resources had a return on equity of 50.54% and a net margin of 18.55%. Equities analysts anticipate that Amerigo Resources Ltd. will post 0.29 EPS for the current fiscal year.

Amerigo Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 18th were paid a dividend of $0.04 per share. The ex-dividend date was Friday, August 28th. This is a negative change from Amerigo Resources’s previous quarterly dividend of $0.18. This represents a $0.16 annualized dividend and a yield of 1.9%. Amerigo Resources’s payout ratio is presently 77.12%.

About Amerigo Resources

(Get Free Report)

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.

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