Insider Selling: Amerigo Resources (TSE:ARG) Insider Sells C$173,250.00 in Stock

Amerigo Resources Ltd. (TSE:ARG) insider Carmen Amezquita sold 25,000 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of C$6.93, for a total transaction of C$173,250.00. Following the transaction, the insider owned 8,939 shares in the company, valued at approximately C$61,947.27. The trade was a 73.66% decrease in their position.

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

• On Tuesday, May 26th, Carmen Amezquita sold 25,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$6.77, for a total transaction of C$169,250.00.
• On Friday, May 22nd, Carmen Amezquita sold 15,000 shares of Amerigo Resources stock. The stock was 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 stock was 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 stock was sold at an average price of C$7.05, for a total transaction of C$176,250.00.

Amerigo Resources Trading Down 11.6%

ARG opened at C$6.15 on Friday. The company’s fifty day moving average price is C$6.18 and its two-hundred day moving average price is C$5.40. Amerigo Resources Ltd. has a 1-year low of C$1.82 and a 1-year high of C$7.39. The company has a market cap of C$995.05 million, a price-to-earnings ratio of 21.96, a PEG ratio of 0.32 and a beta of 2.10.

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

Amerigo Resources Dividend Announcement

The business also recently announced 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 of this dividend is Friday, May 29th. This represents a $0.16 annualized dividend and a dividend yield of 2.6%. Amerigo Resources’s payout ratio is presently 49.30%.

About Amerigo Resources

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.