Amerigo Resources (TSE:ARG) Insider Carmen Amezquita Sells 25,000 Shares of Stock

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

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

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• 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 transaction 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 transaction 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 transaction of C$176,250.00.

Amerigo Resources Stock Performance

Shares of TSE ARG opened at C$6.67 on Friday. The firm’s 50-day moving average is C$5.94 and its 200-day moving average is C$5.26. 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 PE ratio of 23.82, a price-to-earnings-growth ratio of 0.32 and a beta of 2.11.

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

Amerigo Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 18th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.16 annualized dividend and a yield of 2.4%. Amerigo Resources’s dividend payout ratio (DPR) is presently 49.30%.

About Amerigo Resources

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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.

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