Amerigo Resources (TSE:ARG) Director George Ireland Sells 200,000 Shares of Stock

by · The Cerbat Gem

Amerigo Resources Ltd. (TSE:ARG – Get Free Report) Director George Ireland sold 200,000 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of C$8.76, for a total value of C$1,752,000.00. Following the transaction, the director directly owned 9,972,156 shares in the company, valued at approximately C$87,356,086.56. This represents a 1.97% decrease in their position.

Amerigo Resources Trading Down 3.2%

TSE:ARG traded down C$0.29 during midday trading on Monday, hitting C$8.64. 877,464 shares of the company traded hands, compared to its average volume of 914,692. The firm has a market capitalization of C$1.39 billion, a P/E ratio of 25.41, a P/E/G ratio of 0.32 and a beta of 2.15. The firm’s fifty day moving average is C$7.84 and its 200-day moving average is C$6.71. Amerigo Resources Ltd. has a 12-month low of C$2.42 and a 12-month high of C$8.93.

Amerigo Resources (TSE:ARG – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C$0.16 EPS for the quarter. Amerigo Resources had a net margin of 18.55% and a return on equity of 50.54%. The company had revenue of C$109.93 million during the quarter. On average, research analysts expect that Amerigo Resources Ltd. will post 0.2850394 EPS for the current fiscal year.

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 $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, August 28th. Amerigo Resources’s dividend payout ratio (DPR) is 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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