Amerigo Resources (TSE:ARG) Director Sells C$99,600.00 in Stock

Amerigo Resources Ltd. (TSE:ARG) Director Aurora Davidson sold 12,000 shares of the stock in a transaction dated Monday, November 9th. The stock was sold at an average price of C$8.30, for a total transaction of C$99,600.00. Following the sale, the director owned 1,411,554 shares of the company’s stock, valued at C$11,715,898.20. This trade represents a 0.84% decrease in their position.

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

• On Monday, November 9th, Aurora Davidson sold 8,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.28, for a total transaction of C$66,240.00.
• On Monday, October 19th, Aurora Davidson sold 8,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.99, for a total transaction of C$63,920.00.
• On Monday, October 19th, Aurora Davidson sold 7,800 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.05, for a total transaction of C$62,790.00.
• On Monday, October 19th, Aurora Davidson sold 4,200 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.03, for a total transaction of C$33,726.00.
• On Tuesday, October 13th, Aurora Davidson sold 8,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.26, for a total transaction of C$66,080.00.
• On Tuesday, October 13th, Aurora Davidson sold 6,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.55, for a total transaction 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 transaction of C$38,055.00.
• On Friday, October 2nd, Aurora Davidson sold 2,500 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.85, for a total transaction 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.

Amerigo Resources Stock Up 6.3%

ARG stock traded up C$0.50 during midday trading on Monday, reaching C$8.40. 1,233,514 shares of the company’s stock traded hands, compared to its average volume of 915,251. The company has a 50-day simple moving average of C$8.26 and a two-hundred day simple moving average of C$6.86. Amerigo Resources Ltd. has a 1-year low of C$3.15 and a 1-year high of C$9.11. The company has a market cap of C$1.36 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 0.32 and a beta of 1.70.

Amerigo Resources (TSE:ARG) last posted its quarterly earnings data on Wednesday, October 28th. The company reported C$0.20 EPS for the quarter. The company had revenue of C$120.47 million for the quarter. Amerigo Resources had a return on equity of 68.47% and a net margin of 21.50%. Equities research analysts forecast that Amerigo Resources Ltd. will post 0.29 EPS for the current year.

Amerigo Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 18th will be paid a $0.04 dividend. The ex-dividend date is Monday, November 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.9%. Amerigo Resources’s dividend payout ratio (DPR) is 90.37%.

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.