Amerigo Resources (TSE:ARG) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Amerigo Resources Ltd. (TSE:ARG – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$5.47 and traded as high as C$6.00. Amerigo Resources shares last traded at C$5.83, with a volume of 538,518 shares changing hands.

Amerigo Resources Stock Up 6.3%

The firm’s 50 day moving average is C$6.31 and its two-hundred day moving average is C$5.50. The stock has a market cap of C$1.06 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 0.32 and a beta of 2.10.

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

Amerigo Resources Announces Dividend

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

Insider Buying and Selling

In other Amerigo Resources news, insider Carmen Amezquita sold 25,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of C$6.77, for a total value of C$169,250.00. Following the sale, the insider directly owned 33,939 shares of the company’s stock, valued at C$229,767.03. This trade represents a 42.42% decrease in their ownership of the stock. Also, Director Robert Gayton sold 50,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of C$7.29, for a total value of C$364,500.00. Following the completion of the sale, the director owned 143,740 shares in the company, valued at C$1,047,864.60. The trade was a 25.81% decrease in their ownership of the stock. Insiders have sold 281,581 shares of company stock valued at $1,692,545 in the last 90 days. Corporate insiders own 12.95% of the company’s stock.

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.

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