Insider Selling: Amerigo Resources (TSE:ARG) Insider Sells C$169,250.00 in Stock

Amerigo Resources Ltd. (TSE:ARG) insider Carmen Amezquita sold 25,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of C$6.77, for a total value of C$169,250.00. Following the transaction, the insider directly owned 33,939 shares in the company, valued at C$229,767.03. This represents a 42.42% decrease in their ownership of the stock.

Carmen Amezquita also recently made the following trade(s):

• On Friday, May 22nd, Carmen Amezquita sold 15,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$6.41, for a total value of C$96,150.00.
• On Friday, May 22nd, Carmen Amezquita sold 5,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$6.35, for a total value of C$31,750.00.
• On Wednesday, May 13th, Carmen Amezquita sold 25,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$7.05, for a total value of C$176,250.00.

Amerigo Resources Price Performance

Shares of TSE:ARG opened at C$6.65 on Friday. The business’s 50-day moving average is C$5.97 and its 200 day moving average is C$5.27. Amerigo Resources Ltd. has a 1 year low of C$1.81 and a 1 year high of C$7.16. The firm has a market capitalization of C$1.08 billion, a P/E ratio of 23.75, a P/E/G ratio of 0.32 and a beta of 2.11.

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

Amerigo Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 18th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.4%. Amerigo Resources’s dividend payout ratio is currently 49.30%.

About Amerigo Resources

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.