Amerigo Resources (TSE:ARG) Reaches New 1-Year High – Here’s Why

Amerigo Resources Ltd. (TSE:ARGGet Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as C$7.32 and last traded at C$6.93, with a volume of 775527 shares. The stock had previously closed at C$6.65.

Amerigo Resources Stock Performance

The stock has a fifty day moving average of C$6.11 and a 200 day moving average of C$5.36. The company has a market capitalization of C$1.13 billion, a PE ratio of 24.96, a PEG ratio of 0.32 and a beta of 2.11.

Amerigo Resources (TSE:ARGGet Free Report) last released its quarterly earnings data 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 business had revenue of C$91.99 million for the quarter. As a group, equities analysts predict that Amerigo Resources Ltd. will post 0.2850394 EPS for the current year.

Amerigo Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 18th will be paid 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 yield of 2.3%. Amerigo Resources’s payout ratio is presently 49.30%.

Insider Transactions at Amerigo Resources

In other Amerigo Resources news, Director Robert Gayton sold 50,000 shares of Amerigo Resources stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of C$7.29, for a total value of C$364,500.00. Following the sale, the director owned 143,740 shares of the company’s stock, valued at C$1,047,864.60. The trade was a 25.81% decrease in their position. Also, insider Carmen Amezquita sold 25,000 shares of Amerigo Resources stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of C$6.93, for a total value of C$173,250.00. Following the completion of the sale, the insider directly owned 8,939 shares in the company, valued at approximately C$61,947.27. The trade was a 73.66% decrease in their position. In the last quarter, insiders sold 281,581 shares of company stock worth $1,692,545. 12.95% of the stock is owned by insiders.

Amerigo Resources Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Amerigo Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amerigo Resources and related companies with MarketBeat.com's FREE daily email newsletter.