Amerigo Resources Ltd. (TSE:ARG – Free Report) – Equities research analysts at Atrium Research increased their FY2026 EPS estimates for Amerigo Resources in a research note issued to investors on Wednesday, October 28th. Atrium Research analyst B. Pirie now forecasts that the company will post earnings per share of $0.64 for the year, up from their previous forecast of $0.61. The consensus estimate for Amerigo Resources’ current full-year earnings is $0.29 per share.
Amerigo Resources Trading Up 2.2%
TSE:ARG opened at C$7.93 on Monday. The stock has a 50 day simple moving average of C$8.30 and a 200 day simple moving average of C$6.81. Amerigo Resources has a 1-year low of C$2.97 and a 1-year high of C$9.11. The stock has a market cap of C$1.28 billion, a P/E ratio of 18.02, a PEG ratio of 0.32 and a beta of 1.89.
Amerigo Resources (TSE:ARG – Get Free Report) last posted its earnings results 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%.
Amerigo Resources Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 18th were issued a dividend of $0.04 per share. This is a decrease from Amerigo Resources’s previous quarterly dividend of $0.18. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, August 28th. Amerigo Resources’s payout ratio is 90.37%.
Insider Activity
In other news, Director Aurora Davidson sold 4,200 shares of the business’s stock in a transaction dated Monday, October 19th. The shares were sold at an average price of C$8.03, for a total value of C$33,726.00. Following the completion of the sale, the director owned 1,468,554 shares of the company’s stock, valued at approximately C$11,792,488.62. The trade was a 0.29% decrease in their ownership of the stock. Insiders have sold a total of 472,000 shares of company stock valued at $4,002,034 over the last three months. Insiders own 12.95% of the company’s stock.
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.
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