Amerigo Resources (TSE:ARG) Sets New 12-Month High – Here’s What Happened

Shares of Amerigo Resources Ltd. (TSE:ARG) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$8.48 and last traded at C$8.47, with a volume of 83761 shares traded. The stock had previously closed at C$8.22.

Amerigo Resources Stock Up 4.6%

The company has a market capitalization of C$1.39 billion, a PE ratio of 25.29, a PEG ratio of 0.32 and a beta of 2.16. The company’s 50 day moving average is C$7.10 and its two-hundred day moving average is C$6.35.

Amerigo Resources (TSE:ARG) last released its quarterly earnings data on Wednesday, July 29th. The company reported C$0.16 EPS for the quarter. The business had revenue of C$109.93 million during the quarter. Amerigo Resources had a net margin of 18.55% and a return on equity of 50.54%. Analysts forecast that Amerigo Resources Ltd. will post 0.2850394 EPS for the current year.

Amerigo Resources Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 18th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, August 28th. Amerigo Resources’s dividend payout ratio (DPR) is currently 77.12%.

Insider Transactions at Amerigo Resources

In other Amerigo Resources news, Director Robert Gayton sold 40,000 shares of Amerigo Resources stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of C$7.91, for a total value of C$316,400.00. Following the sale, the director owned 173,457 shares of the company’s stock, valued at C$1,372,044.87. The trade was a 18.74% decrease in their position. Also, Director Aurora Davidson sold 4,600 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of C$7.59, for a total value of C$34,914.00. Following the sale, the director directly owned 1,551,446 shares in the company, valued at C$11,775,475.14. This trade represents a 0.30% decrease in their ownership of the stock. In the last quarter, insiders sold 150,000 shares of company stock worth $1,119,395. 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.