Kimberly Thomas Sells 8,000 Shares of Amerigo Resources (TSE:ARG) Stock

Amerigo Resources Ltd. (TSE:ARG) insider Kimberly Thomas sold 8,000 shares of Amerigo Resources stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of C$7.07, for a total value of C$56,560.00. Following the completion of the sale, the insider directly owned 22,118 shares in the company, valued at approximately C$156,374.26. This represents a 26.56% decrease in their position.

Amerigo Resources Stock Performance

TSE:ARG opened at C$6.99 on Friday. The stock’s 50-day simple moving average is C$5.72 and its 200 day simple moving average is C$5.01. The company has a market cap of C$1.13 billion, a P/E ratio of 24.96, a P/E/G ratio of 0.32 and a beta of 2.11. Amerigo Resources Ltd. has a 52-week low of C$1.71 and a 52-week high of C$7.16.

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

Amerigo Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 18th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, May 29th. Amerigo Resources’s payout ratio is 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.