Amerigo Resources (TSE:ARG) Shares Pass Above 200-Day Moving Average – What’s Next?

Amerigo Resources Ltd. (TSE:ARG) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$5.47 and traded as high as C$6.00. Amerigo Resources shares last traded at C$5.83, with a volume of 538,518 shares.

Amerigo Resources Stock Down 3.0%

The stock has a market capitalization of C$943.28 million, a price-to-earnings ratio of 20.82, a P/E/G ratio of 0.32 and a beta of 2.10. The business has a 50-day simple moving average of C$6.26 and a two-hundred day simple moving average of C$5.47.

Amerigo Resources (TSE:ARG) last released its earnings results 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 during the quarter. Amerigo Resources had a return on equity of 42.44% and a net margin of 15.26%. On average, analysts forecast that Amerigo Resources Ltd. will post 0.2850394 EPS for the current year.

Amerigo Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 18th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.16 annualized dividend and a dividend yield of 2.7%. Amerigo Resources’s dividend payout ratio is currently 49.30%.

Insider Buying and Selling

In other Amerigo Resources news, Director Christian Caceres sold 63,500 shares of the company’s stock in a transaction on Thursday, March 26th. The stock was sold at an average price of C$4.77, for a total value of C$302,895.00. Following the transaction, the director owned 25,700 shares of the company’s stock, valued at approximately C$122,589. This represents a 71.19% decrease in their ownership of the stock. Also, insider Carmen Amezquita sold 25,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of C$6.77, for a total transaction of C$169,250.00. Following the sale, the insider directly owned 33,939 shares in the company, valued at approximately C$229,767.03. This trade represents a 42.42% decrease in their ownership of the stock. Insiders sold a total of 281,581 shares of company stock worth $1,692,545 over the last three months. Corporate insiders own 12.95% of the company’s stock.

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.