Amerigo Resources (TSE:ARG) Stock Crosses Above 200 Day Moving Average – What’s Next?

Amerigo Resources Ltd. (TSE:ARG) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$5.61 and traded as high as C$7.08. Amerigo Resources shares last traded at C$6.86, with a volume of 489,400 shares trading hands.

Amerigo Resources Price Performance

The company’s 50 day moving average is C$6.44 and its two-hundred day moving average is C$5.61. The firm has a market cap of C$1.11 billion, a P/E ratio of 24.50, a PEG ratio of 0.32 and a beta of 2.10.

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. Amerigo Resources had a return on equity of 42.44% and a net margin of 15.26%.The business had revenue of C$91.99 million for the quarter. Research analysts predict that Amerigo Resources Ltd. will post 0.2850394 EPS for the current year.

Amerigo Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 18th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, May 29th. Amerigo Resources’s dividend payout ratio (DPR) is presently 49.30%.

Insider Transactions at Amerigo Resources

In related news, Director Robert Gayton sold 50,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of C$7.29, for a total value of C$364,500.00. Following the completion of the transaction, the director directly owned 143,740 shares of the company’s stock, valued at C$1,047,864.60. This trade represents a 25.81% decrease in their ownership of the stock. Also, insider Carmen Amezquita sold 25,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of C$6.93, for a total value of C$173,250.00. Following the completion of the transaction, the insider directly owned 8,939 shares of the company’s stock, valued at approximately C$61,947.27. This trade represents a 73.66% decrease in their ownership of the stock. In the last ninety days, insiders have sold 281,581 shares of company stock valued at $1,692,545. Company insiders own 12.95% of the company’s stock.

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.