Insider Selling: Amerigo Resources (TSE:ARG) Director Sells C$64,719.00 in Stock

Amerigo Resources Ltd. (TSE:ARG) Director Aurora Davidson sold 8,100 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of C$7.99, for a total value of C$64,719.00. Following the completion of the transaction, the director directly owned 1,482,946 shares in the company, valued at approximately C$11,848,738.54. This represents a 0.54% decrease in their position.

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

• On Tuesday, September 1st, Aurora Davidson sold 5,400 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.95, for a total value 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 transaction of C$35,685.00.
• On Monday, August 17th, Aurora Davidson sold 4,600 shares of Amerigo Resources stock. The stock was sold at an average price of C$7.59, for a total transaction of C$34,914.00.
• On Monday, August 17th, Aurora Davidson sold 10,900 shares of Amerigo Resources stock. The stock was sold at an average price of C$7.67, for a total transaction of C$83,603.00.
• On Monday, August 17th, Aurora Davidson sold 4,500 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.66, for a total transaction of C$34,470.00.

Amerigo Resources Stock Down 3.2%

ARG traded down C$0.26 during trading on Tuesday, hitting C$7.94. The company’s stock had a trading volume of 321,730 shares, compared to its average volume of 906,730. The business’s 50 day simple moving average is C$7.26 and its 200-day simple moving average is C$6.45. The firm has a market cap of C$1.28 billion, a PE ratio of 23.35, a P/E/G ratio of 0.32 and a beta of 2.16. Amerigo Resources Ltd. has a one year low of C$2.20 and a one year high of C$8.77.

Amerigo Resources (TSE:ARG) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C$0.16 earnings per share (EPS) for the quarter. The firm 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%. Equities research 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. 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 payout ratio is currently 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.