Amerigo Resources (TSE:ARG) Director Sells C$84,700.00 in Stock

Amerigo Resources Ltd. (TSE:ARG) Director Aurora Davidson sold 10,000 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of C$8.47, for a total transaction of C$84,700.00. Following the completion of the sale, the director directly owned 1,443,546 shares in the company, valued at approximately C$12,226,834.62. The trade was a 0.69% decrease in their ownership of the stock.

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

• On Tuesday, September 8th, Aurora Davidson sold 2,500 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.60, for a total transaction of C$21,500.00.
• On Tuesday, September 8th, Aurora Davidson sold 7,500 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.53, for a total transaction of C$63,975.00.
• On Wednesday, September 2nd, Aurora Davidson sold 6,300 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.15, for a total transaction of C$51,345.00.
• On Wednesday, September 2nd, Aurora Davidson sold 6,500 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.04, for a total value of C$52,260.00.
• On Wednesday, September 2nd, Aurora Davidson sold 2,200 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.00, for a total value of C$17,600.00.
• On Tuesday, September 1st, Aurora Davidson sold 8,100 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.99, for a total value of C$64,719.00.
• On Tuesday, September 1st, Aurora Davidson sold 5,400 shares of Amerigo Resources stock. The stock was sold at an average price of C$7.95, for a total transaction of C$42,930.00.
• On Tuesday, September 1st, Aurora Davidson sold 2,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.92, for a total transaction of C$15,840.00.
• On Tuesday, September 1st, Aurora Davidson sold 4,500 shares of Amerigo Resources stock. The stock was sold at an average price of C$7.93, for a total value of C$35,685.00.
• On Monday, August 17th, Aurora Davidson sold 4,600 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.59, for a total value of C$34,914.00.

Amerigo Resources Price Performance

TSE:ARG traded up C$0.43 during mid-day trading on Tuesday, reaching C$8.48. The company’s stock had a trading volume of 690,074 shares, compared to its average volume of 898,720. The stock has a market cap of C$1.37 billion, a P/E ratio of 24.94, a P/E/G ratio of 0.32 and a beta of 2.15. The company’s fifty day simple moving average is C$7.50 and its two-hundred day simple moving average is C$6.55. Amerigo Resources Ltd. has a twelve month low of C$2.23 and a twelve month high of C$8.77.

Amerigo Resources (TSE:ARG) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C$0.16 earnings per share for the quarter. Amerigo Resources had a net margin of 18.55% and a return on equity of 50.54%. The business had revenue of C$109.93 million for the quarter. Sell-side analysts expect that Amerigo Resources Ltd. will post 0.2850394 EPS for the current fiscal year.

Amerigo Resources Cuts Dividend

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

About Amerigo Resources

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.