Amerigo Resources (TSE:ARG) Director Robert Gayton Acquires 69,717 Shares

Amerigo Resources Ltd. (TSE:ARG) Director Robert Gayton purchased 69,717 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average price of C$8.26 per share, with a total value of C$575,862.42. Following the acquisition, the director directly owned 213,457 shares of the company’s stock, valued at C$1,763,154.82. This represents a 48.50% increase in their position.

Robert Gayton also recently made the following trade(s):

• On Tuesday, June 2nd, Robert Gayton sold 50,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.29, for a total value of C$364,500.00.

Amerigo Resources Trading Down 2.8%

Shares of TSE:ARG opened at C$8.03 on Wednesday. The stock’s fifty day simple moving average is C$6.87 and its two-hundred day simple moving average is C$6.24. Amerigo Resources Ltd. has a 1-year low of C$2.06 and a 1-year high of C$8.48. The stock has a market cap of C$1.30 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 0.32 and a beta of 2.16.

Amerigo Resources (TSE:ARG) last released its quarterly earnings results 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. On average, sell-side analysts forecast that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current fiscal year.

Amerigo Resources Cuts Dividend

The company also recently disclosed 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 2.0%. The ex-dividend date of this dividend is Friday, August 28th. 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.