Insider Selling: Amerigo Resources (TSE:ARG) Director Sells C$84,700.00 in Stock

Amerigo Resources Ltd. (TSE:ARGGet Free Report) Director Aurora Davidson sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of C$8.47, for a total value of C$84,700.00. Following the sale, the director owned 1,443,546 shares in the company, valued at approximately C$12,226,834.62. This trade represents a 0.69% decrease in their position.

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

  • On Tuesday, September 8th, Aurora Davidson sold 2,500 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.60, for a total value of C$21,500.00.
  • On Tuesday, September 8th, Aurora Davidson sold 7,500 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.53, for a total transaction of C$63,975.00.
  • On Wednesday, September 2nd, Aurora Davidson sold 6,300 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.15, for a total value of C$51,345.00.
  • On Wednesday, September 2nd, Aurora Davidson sold 6,500 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.04, for a total transaction of C$52,260.00.
  • On Wednesday, September 2nd, Aurora Davidson sold 2,200 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.00, for a total transaction of C$17,600.00.
  • On Tuesday, September 1st, Aurora Davidson sold 8,100 shares of Amerigo Resources stock. The stock was sold at an average price of C$7.99, for a total value of C$64,719.00.
  • 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 transaction 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 shares were sold at an average price of C$7.59, for a total transaction of C$34,914.00.

Amerigo Resources Stock Performance

ARG traded up C$0.43 during trading on Tuesday, reaching C$8.48. The company’s stock had a trading volume of 690,074 shares, compared to its average volume of 898,720. Amerigo Resources Ltd. has a 52-week low of C$2.23 and a 52-week high of C$8.77. The company’s fifty day moving average price is C$7.50 and its 200-day moving average price is C$6.55. The company has a market capitalization of C$1.37 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 0.32 and a beta of 2.15.

Amerigo Resources (TSE:ARGGet Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported C$0.16 EPS for the quarter. The business had revenue of C$109.93 million during the quarter. Amerigo Resources had a return on equity of 50.54% and a net margin of 18.55%. Equities analysts predict that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current year.

Amerigo Resources Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 18th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.16 annualized dividend and a dividend yield of 1.9%. Amerigo Resources’s payout ratio is 77.12%.

About Amerigo Resources

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Amerigo Resources (TSE:ARG)

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