FY2027 EPS Estimate for Amerigo Resources Lowered by Analyst

Amerigo Resources Ltd. (TSE:ARG) – Investment analysts at Atrium Research reduced their FY2027 earnings per share estimates for Amerigo Resources in a report released on Wednesday, October 28th. Atrium Research analyst B. Pirie now anticipates that the company will earn $0.35 per share for the year, down from their prior estimate of $0.36. The consensus estimate for Amerigo Resources’ current full-year earnings is $0.29 per share.

Amerigo Resources (TSE:ARG) last issued its quarterly earnings data on Wednesday, October 28th. The company reported C$0.20 earnings per share for the quarter. The firm had revenue of C$120.47 million during the quarter. Amerigo Resources had a return on equity of 68.47% and a net margin of 21.50%.

Amerigo Resources Stock Performance

Shares of ARG stock opened at C$7.76 on Tuesday. The company’s 50-day simple moving average is C$8.30 and its 200-day simple moving average is C$6.80. Amerigo Resources has a one year low of C$2.97 and a one year high of C$9.11. The stock has a market capitalization of C$1.25 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 0.32 and a beta of 1.89.

Amerigo Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 18th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 2.1%. This is a drop from Amerigo Resources’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, August 28th. Amerigo Resources’s dividend payout ratio (DPR) is 90.37%.

Insider Activity

In related news, Director Aurora Davidson sold 10,900 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of C$7.67, for a total transaction of C$83,603.00. Following the completion of the transaction, the director directly owned 1,540,546 shares in the company, valued at C$11,815,987.82. This represents a 0.70% decrease in their position. Also, Director George R. Ireland sold 200,000 shares of the stock in a transaction dated Friday, September 18th. The stock was sold at an average price of C$8.76, for a total transaction of C$1,752,000.00. Following the completion of the sale, the director directly owned 9,972,156 shares in the company, valued at approximately C$87,356,086.56. This trade represents a 1.97% decrease in their position. In the last three months, insiders sold 472,000 shares of company stock valued at $4,002,034. Company insiders own 12.95% of the company’s stock.

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.