Insider Selling: Amerigo Resources (TSE:ARG) Director Sells C$66,080.00 in Stock

Amerigo Resources Ltd. (TSE:ARG) Director Aurora Davidson sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of C$8.26, for a total transaction of C$66,080.00. Following the completion of the transaction, the director directly owned 1,509,554 shares in the company, valued at C$12,468,916.04. This represents a 0.53% decrease in their position.

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

• On Tuesday, October 13th, Aurora Davidson sold 6,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.55, for a total value of C$51,300.00.
• On Friday, October 2nd, Aurora Davidson sold 4,300 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.85, for a total value of C$38,055.00.
• On Friday, October 2nd, Aurora Davidson sold 2,500 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.85, for a total value of C$22,125.00.
• On Friday, October 2nd, Aurora Davidson sold 4,200 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.80, for a total value of C$36,960.00.
• On Friday, October 2nd, Aurora Davidson sold 2,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$9.02, for a total value of C$18,040.00.
• On Thursday, October 1st, Aurora Davidson sold 5,700 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.58, for a total value of C$48,906.00.
• On Thursday, October 1st, Aurora Davidson sold 7,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.59, for a total value of C$60,130.00.
• On Thursday, October 1st, Aurora Davidson sold 7,300 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.58, for a total value of C$62,634.00.
• On Monday, September 21st, Aurora Davidson sold 2,500 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.62, for a total value of C$21,550.00.
• On Monday, September 21st, Aurora Davidson sold 3,500 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.54, for a total value of C$29,890.00.

Amerigo Resources Stock Down 5.1%

ARG stock traded down C$0.46 during mid-day trading on Wednesday, reaching C$8.52. The company had a trading volume of 663,260 shares, compared to its average volume of 897,767. The stock has a market capitalization of C$1.38 billion, a P/E ratio of 25.06, a P/E/G ratio of 0.32 and a beta of 1.89. Amerigo Resources Ltd. has a one year low of C$2.59 and a one year high of C$9.11. The stock’s 50-day simple moving average is C$8.33 and its two-hundred day simple moving average is C$7.10.

Amerigo Resources (TSE:ARG) last released its quarterly earnings results on Wednesday, July 29th. The company reported C$0.16 EPS 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 during the quarter. On average, research analysts forecast that Amerigo Resources Ltd. will post 0.29 EPS for the current fiscal year.

Amerigo Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 18th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, August 28th. This is a negative change from Amerigo Resources’s previous quarterly dividend of $0.18. Amerigo Resources’s dividend payout ratio (DPR) is presently 77.12%.

Amerigo Resources Company Profile

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.