Insider Selling: Amerigo Resources (TSE:ARG) Director Sells 7,100 Shares of Stock

Amerigo Resources Ltd. (TSE:ARGGet Free Report) Director Aurora Davidson sold 7,100 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of C$8.48, for a total transaction of C$60,208.00. Following the completion of the transaction, the director owned 1,610,454 shares in the company, valued at approximately C$13,656,649.92. This represents a 0.44% decrease in their position.

Aurora Davidson also recently made the following trade(s):

  • On Monday, September 21st, Aurora Davidson sold 2,500 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.62, for a total transaction of C$21,550.00.
  • On Monday, September 21st, Aurora Davidson sold 3,500 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.54, for a total transaction of C$29,890.00.
  • On Monday, September 21st, Aurora Davidson sold 4,500 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.46, for a total transaction of C$38,070.00.
  • On Monday, September 21st, Aurora Davidson sold 2,400 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.43, for a total value of C$20,232.00.
  • On Tuesday, September 15th, Aurora Davidson sold 3,700 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.30, for a total value of C$30,710.00.
  • On Tuesday, September 15th, Aurora Davidson sold 3,300 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.19, for a total value of C$27,027.00.
  • On Tuesday, September 15th, Aurora Davidson sold 8,000 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.08, for a total value of C$64,640.00.
  • On Tuesday, September 8th, Aurora Davidson sold 2,500 shares of Amerigo Resources stock. The stock was sold at an average price of C$8.60, for a total value of C$21,500.00.
  • On Tuesday, September 8th, Aurora Davidson sold 10,000 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.47, for a total value of C$84,700.00.
  • On Tuesday, September 8th, Aurora Davidson sold 7,500 shares of Amerigo Resources stock. The shares were sold at an average price of C$8.53, for a total value of C$63,975.00.

Amerigo Resources Price Performance

TSE ARG traded down C$0.29 during trading hours on Monday, hitting C$8.64. The company’s stock had a trading volume of 877,464 shares, compared to its average volume of 914,692. Amerigo Resources Ltd. has a 12 month low of C$2.42 and a 12 month high of C$8.93. The company’s 50 day simple moving average is C$7.84 and its two-hundred day simple moving average is C$6.71. The company has a market cap of C$1.39 billion, a P/E ratio of 25.41, a price-to-earnings-growth ratio of 0.32 and a beta of 2.15.

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

Amerigo Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 18th were issued a $0.04 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $0.16 annualized dividend and a dividend yield of 1.9%. Amerigo Resources’s payout ratio is presently 77.12%.

Amerigo Resources Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Amerigo Resources (TSE:ARG)

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