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

Amerigo Resources Ltd. (TSE:ARG) insider Carmen Amezquita sold 25,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of C$6.93, for a total value of C$173,250.00. Following the completion of the transaction, the insider owned 8,939 shares in the company, valued at C$61,947.27. This represents a 73.66% decrease in their ownership of the stock.

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

• On Tuesday, May 26th, Carmen Amezquita sold 25,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$6.77, for a total value of C$169,250.00.
• 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 transaction of C$31,750.00.
• On Wednesday, May 13th, Carmen Amezquita sold 25,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$7.05, for a total transaction of C$176,250.00.

Amerigo Resources Trading Down 4.9%

TSE ARG opened at C$6.99 on Thursday. The firm’s fifty day moving average price is C$6.11 and its two-hundred day moving average price is C$5.36. Amerigo Resources Ltd. has a 1 year low of C$1.82 and a 1 year high of C$7.39. The firm has a market capitalization of C$1.13 billion, a P/E ratio of 24.96, a price-to-earnings-growth ratio of 0.32 and a beta of 2.11.

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

Amerigo Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 18th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, May 29th. 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.