Amerigo Resources Ltd. (ARG) to Distribute Quarterly Dividend of $0.04 on September 18th

Amerigo Resources Ltd. (TSE:ARG) announced a quarterly dividend on Friday, August 28th, TickerTech Dividends reports. Investors of record on Friday, September 18th will be paid a dividend of 0.04 per share on Friday, September 18th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, August 28th.

Amerigo Resources Price Performance

ARG opened at C$8.69 on Wednesday. The stock has a market capitalization of C$1.40 billion, a P/E ratio of 25.56, a P/E/G ratio of 0.32 and a beta of 2.16. Amerigo Resources has a 12 month low of C$2.20 and a 12 month high of C$8.77. The business has a 50 day simple moving average of C$7.13 and a 200-day simple moving average of C$6.37.

Amerigo Resources (TSE:ARG) last posted its quarterly earnings results on Wednesday, July 29th. The company reported C$0.16 earnings per share for the quarter. Amerigo Resources had a net margin of 18.55% and a return on equity of 50.54%. The business had revenue of C$109.93 million for the quarter. Research analysts anticipate that Amerigo Resources will post 0.2850394 EPS for the current year.

Insider Buying and Selling at Amerigo Resources

In other Amerigo Resources news, Director Robert Gayton sold 40,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of C$7.91, for a total value of C$316,400.00. Following the sale, the director owned 173,457 shares of the company’s stock, valued at approximately C$1,372,044.87. This represents a 18.74% decrease in their ownership of the stock. Also, Director Aurora Davidson sold 4,600 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of C$7.59, for a total transaction of C$34,914.00. Following the completion of the sale, the director directly owned 1,551,446 shares in the company, valued at approximately C$11,775,475.14. The trade was a 0.30% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 145,000 shares of company stock valued at $1,086,037. Insiders own 12.95% of the company’s stock.

Amerigo Resources Company Profile

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.