Insider Selling: Director of Amerigo Resources Ltd. (TSE: ARG) sells 20,000 shares

Amerigo Resources Ltd. (TSE:ARG – Get Rating) Director Christian Caceres sold 20,000 shares of Amerigo Resources in a trade that took place on Thursday, June 23. The shares were sold at an average price of CA$1.38, for a total transaction of CA$27,560.00. As a result of the sale, the administrator now owns 31,945 shares of the company, valued at approximately C$44,020.21.

Shares of Amerigo Resources rose C$0.03 on Friday, hitting C$1.38. 258,864 shares of the company were traded, against an average volume of 368,831. The company has a 50-day simple moving average of C$1.63 and a 200-day simple moving average of C$1.64. Amerigo Resources Ltd. has a 52-week low of CA$1.10 and a 52-week high of CA$2.01. The stock has a market capitalization of C$229.10 million and a P/E ratio of 4.30. The company has a debt ratio of 23.26, a quick ratio of 1.34 and a current ratio of 1.54.

Amerigo Resources (TSE:ARG – Get Rating) last announced its quarterly results on Wednesday, May 4. The company reported earnings per share of CA$0.11 for the quarter. The company recorded revenue of C$68.11 million during the quarter. Research analysts expect Amerigo Resources Ltd. shows earnings per share of 0.23 for the current year.

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The company also recently disclosed a quarterly dividend, which was paid on Monday, June 20. Shareholders of record on Monday, May 30 received a dividend of $0.03 per share. This represents an annualized dividend of $0.12 and a yield of 8.70%. The ex-dividend date was Friday, May 27. Amerigo Resources’ payout ratio is 12.22%.

Amerigo Resources Company Profile (Get an evaluation)

Amerigo Resources Ltd., through its subsidiary, Minera Valle Central SA, produces and sells copper and molybdenum concentrates from Codelco’s El Teniente underground mine in Chile. The company was previously known as Golden Temple Mining Corp. and changed its name to Amerigo Resources Ltd. in March 2002.

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