Carmen Amezquita Sells 25,000 Shares of Amerigo Resources (TSE:ARG) Stock

Amerigo Resources Ltd. (TSE:ARG) insider Carmen Amezquita sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of C$6.77, for a total value of C$169,250.00. Following the sale, the insider directly owned 33,939 shares in the company, valued at approximately C$229,767.03. This represents a 42.42% decrease in their position.

Carmen Amezquita also recently made the following trade(s):

• On Friday, May 22nd, Carmen Amezquita sold 15,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$6.41, for a total value of C$96,150.00.
• On Friday, May 22nd, Carmen Amezquita sold 5,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$6.35, for a total value of C$31,750.00.
• On Wednesday, May 13th, Carmen Amezquita sold 25,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.05, for a total value of C$176,250.00.

Amerigo Resources Stock Down 0.3%

ARG stock opened at C$6.65 on Friday. The business has a 50 day moving average price of C$5.97 and a two-hundred day moving average price of C$5.27. The company has a market cap of C$1.08 billion, a price-to-earnings ratio of 23.75, a P/E/G ratio of 0.32 and a beta of 2.11. Amerigo Resources Ltd. has a twelve month low of C$1.81 and a twelve month high of C$7.16.

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

Amerigo Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 18th will be paid a $0.04 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.16 annualized dividend and a yield of 2.4%. Amerigo Resources’s 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.