Amerigo Resources (TSE:ARG) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Amerigo Resources Ltd. (TSE:ARG) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$5.70 and traded as high as C$6.18. Amerigo Resources shares last traded at C$6.05, with a volume of 524,356 shares traded.

Amerigo Resources Trading Up 0.7%

The stock has a market cap of C$978.87 million, a P/E ratio of 21.61, a price-to-earnings-growth ratio of 0.32 and a beta of 2.10. The stock’s 50-day moving average is C$6.47 and its 200-day moving average is C$5.70.

Amerigo Resources (TSE:ARG) last announced its earnings results on Wednesday, April 29th. The company reported C$0.13 earnings per share for the quarter. The business 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, equities analysts forecast that Amerigo Resources Ltd. will post 0.2850394 EPS for the current year.

Amerigo Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 18th were given a dividend of $0.04 per share. The ex-dividend date was Friday, May 29th. This represents a $0.16 dividend on an annualized basis and a yield of 2.6%. Amerigo Resources’s dividend payout ratio (DPR) is presently 49.30%.

Insider Buying and Selling

In related news, insider Kimberly Thomas sold 4,200 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of C$6.67, for a total value of C$28,014.00. Following the completion of the sale, the insider owned 17,118 shares of the company’s stock, valued at approximately C$114,177.06. The trade was a 19.70% decrease in their position. Also, insider Carmen Amezquita sold 25,000 shares of the 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. This trade represents a 73.66% decrease in their position. Over the last three months, insiders sold 158,000 shares of company stock worth $1,101,068. 12.95% of the stock is owned by company insiders.

Amerigo Resources Company Profile

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.