Robert Gayton Sells 50,000 Shares of Amerigo Resources (TSE:ARG) Stock

Amerigo Resources Ltd. (TSE:ARG) Director Robert Gayton sold 50,000 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of C$7.29, for a total transaction of C$364,500.00. Following the completion of the sale, the director owned 143,740 shares in the company, valued at approximately C$1,047,864.60. This trade represents a 25.81% decrease in their ownership of the stock.

Amerigo Resources Price Performance

ARG traded down C$0.39 during mid-day trading on Wednesday, hitting C$6.96. The stock had a trading volume of 397,360 shares, compared to its average volume of 1,023,602. The stock’s fifty day simple moving average is C$6.01 and its 200-day simple moving average is C$5.31. The firm has a market capitalization of C$1.13 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 0.32 and a beta of 2.11. Amerigo Resources Ltd. has a 1-year low of C$1.82 and a 1-year high of C$7.39.

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

Amerigo Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 18th will be issued a $0.04 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.16 annualized dividend and a yield of 2.3%. Amerigo Resources’s dividend payout ratio (DPR) is 49.30%.

Amerigo Resources Company Profile

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.