Amerigo Resources (TSE:ARG) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Amerigo Resources Ltd. (TSE:ARG) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$5.61 and traded as high as C$7.08. Amerigo Resources shares last traded at C$6.86, with a volume of 489,400 shares trading hands.

Amerigo Resources Price Performance

The company has a 50 day simple moving average of C$6.47 and a 200-day simple moving average of C$5.62. The stock has a market cap of C$1.09 billion, a P/E ratio of 24.00, a price-to-earnings-growth ratio of 0.32 and a beta of 2.10.

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

Amerigo Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 18th were paid a $0.04 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.16 annualized dividend and a yield of 2.4%. Amerigo Resources’s dividend payout ratio is currently 49.30%.

Insider Transactions at Amerigo Resources

In other Amerigo Resources news, Director Christian Caceres sold 34,381 shares of the stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of C$4.81, for a total transaction of C$165,372.61. Following the transaction, the director directly owned 89,200 shares in the company, valued at C$429,052. This trade represents a 27.82% decrease in their ownership of the stock. Also, insider Kimberly Thomas sold 4,200 shares of Amerigo Resources stock in a transaction that occurred 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 transaction, the insider directly owned 17,118 shares in the company, valued at C$114,177.06. This trade represents a 19.70% decrease in their ownership of the stock. Insiders sold 281,581 shares of company stock worth $1,692,545 in the last three months. Corporate insiders own 12.95% of the company’s stock.

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.