Insider Selling: Amerigo Resources (TSE:ARG) Insider Sells 4,200 Shares of Stock

Amerigo Resources Ltd. (TSE:ARG) insider Kimberly Thomas sold 4,200 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of C$6.67, for a total transaction of C$28,014.00. Following the sale, the insider owned 17,118 shares of the company’s stock, valued at approximately C$114,177.06. This trade represents a 19.70% decrease in their ownership of the stock.

Kimberly Thomas also recently made the following trade(s):

• On Wednesday, May 27th, Kimberly Thomas sold 800 shares of Amerigo Resources stock. The stock was sold at an average price of C$6.68, for a total transaction of C$5,344.00.
• On Wednesday, May 13th, Kimberly Thomas sold 8,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$7.07, for a total transaction of C$56,560.00.

Amerigo Resources Price Performance

Shares of ARG traded down C$0.02 during trading hours on Wednesday, hitting C$6.67. 462,086 shares of the stock were exchanged, compared to its average volume of 1,037,884. Amerigo Resources Ltd. has a fifty-two week low of C$1.81 and a fifty-two week high of C$7.16. The business has a 50-day moving average of C$5.91 and a 200-day moving average of C$5.24. The firm has a market capitalization of C$1.08 billion, a P/E ratio of 23.82, a price-to-earnings-growth ratio of 0.32 and a beta of 2.11.

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

Amerigo Resources Dividend Announcement

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 given 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 2.4%. Amerigo Resources’s dividend payout ratio is 49.30%.

About Amerigo Resources

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.