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Amerigo Resources

TSX:ARG
Snowflake Description

Acceptable track record and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ARG
TSX
CA$197M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Amerigo Resources Ltd., through its subsidiary, Minera Valle Central S.A., produces and sells copper and molybdenum concentrates from Codelco’s El Teniente underground mine in Chile. The last earnings update was 27 days ago. More info.


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  • Amerigo Resources has significant price volatility in the past 3 months.
ARG Share Price and Events
7 Day Returns
-0.9%
TSX:ARG
-2.1%
CA Metals and Mining
0.3%
CA Market
1 Year Returns
5.7%
TSX:ARG
-5.9%
CA Metals and Mining
0.7%
CA Market
ARG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Amerigo Resources (ARG) -0.9% 14.4% 44.2% 5.7% 692.9% 144%
CA Metals and Mining -2.1% 1.4% 13.1% -5.9% 8.9% -22%
CA Market 0.3% 2% 13.2% 0.7% 16.6% 5.6%
1 Year Return vs Industry and Market
  • ARG outperformed the Metals and Mining industry which returned -5.9% over the past year.
  • ARG outperformed the Market in Canada which returned 0.7% over the past year.
Price Volatility
ARG
Industry
5yr Volatility vs Market

Value

 Is Amerigo Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Amerigo Resources to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Amerigo Resources.

TSX:ARG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.4%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:ARG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.18
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.181 (1 + (1- 26.5%) (50.95%))
1.417
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.42
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.417 * 5.96%)
10.39%

Discounted Cash Flow Calculation for TSX:ARG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Amerigo Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:ARG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.39%)
2019 2.28 Est @ -53.09% 2.07
2020 1.45 Est @ -36.58% 1.19
2021 1.09 Est @ -25.02% 0.81
2022 0.90 Est @ -16.93% 0.61
2023 0.80 Est @ -11.27% 0.49
2024 0.74 Est @ -7.3% 0.41
2025 0.71 Est @ -4.53% 0.35
2026 0.69 Est @ -2.59% 0.31
2027 0.68 Est @ -1.23% 0.28
2028 0.68 Est @ -0.27% 0.25
Present value of next 10 years cash flows $6.77
TSX:ARG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $0.68 × (1 + 1.95%) ÷ (10.39% – 1.95%)
$8.21
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $8.21 ÷ (1 + 10.39%)10
$3.05
TSX:ARG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $6.77 + $3.05
$9.83
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $9.83 / 177.28
$0.06
TSX:ARG Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:ARG)
1.333
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $0.06 x 1.333
CA$0.07
Value per share (CAD) From above. CA$0.07
Current discount Discount to share price of CA$1.11
= -1 x (CA$1.11 - CA$0.07) / CA$0.07
-1402.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Amerigo Resources is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Amerigo Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Amerigo Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:ARG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.06
TSX:ARG Share Price ** TSX (2019-03-20) in CAD CA$1.11
TSX:ARG Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.75 $0.83
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 12.49x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.78x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Amerigo Resources.

TSX:ARG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:ARG Share Price ÷ EPS (both in USD)

= 0.83 ÷ 0.06

14.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Amerigo Resources is overvalued based on earnings compared to the CA Metals and Mining industry average.
  • Amerigo Resources is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does Amerigo Resources's expected growth come at a high price?
Raw Data
TSX:ARG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.7x
Canada Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Amerigo Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Amerigo Resources's assets?
Raw Data
TSX:ARG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.62
TSX:ARG Share Price * TSX (2019-03-20) in CAD CA$1.11
TSX:ARG Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.75 $0.83
Canada Metals and Mining Industry PB Ratio Median Figure of 1,080 Publicly-Listed Metals and Mining Companies 1.44x
Canada Market PB Ratio Median Figure of 2,349 Publicly-Listed Companies 1.58x
TSX:ARG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:ARG Share Price ÷ Book Value per Share (both in USD)

= 0.83 ÷ 0.62

1.35x

* Primary Listing of Amerigo Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Amerigo Resources is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Amerigo Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Amerigo Resources has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Amerigo Resources expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
33.3%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Amerigo Resources expected to grow at an attractive rate?
  • Unable to compare Amerigo Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Amerigo Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Amerigo Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:ARG Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:ARG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:ARG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-12-31 175 1
TSX:ARG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 137 27 10
2018-09-30 136 33 8
2018-06-30 141 30 15
2018-03-31 138 35 11
2017-12-31 134 33 8
2017-09-30 126 20 8
2017-06-30 112 25 -3
2017-03-31 102 25 -4
2016-12-31 91 19 -8
2016-09-30 70 21 -15
2016-06-30 57 4 -19
2016-03-31 54 -8 -17

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Amerigo Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Amerigo Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:ARG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Amerigo Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:ARG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-12-31
TSX:ARG Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.06
2018-09-30 0.05
2018-06-30 0.08
2018-03-31 0.06
2017-12-31 0.05
2017-09-30 0.04
2017-06-30 -0.01
2017-03-31 -0.03
2016-12-31 -0.04
2016-09-30 -0.09
2016-06-30 -0.11
2016-03-31 -0.10

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Amerigo Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Amerigo Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Amerigo Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Amerigo Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Amerigo Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Amerigo Resources has delivered over 20% year on year earnings growth in the past 5 years.
  • Amerigo Resources's 1-year earnings growth is less than its 5-year average (31.4% vs 43.4%)
  • Amerigo Resources's earnings growth has exceeded the CA Metals and Mining industry average in the past year (31.4% vs -23.7%).
Earnings and Revenue History
Amerigo Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Amerigo Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:ARG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 136.83 10.50 4.67
2018-09-30 136.25 8.47 4.42
2018-06-30 141.30 14.89 4.29
2018-03-31 138.16 10.52 4.13
2017-12-31 134.03 7.99 3.52
2017-09-30 126.50 7.88 3.53
2017-06-30 112.46 -2.52 3.37
2017-03-31 101.88 -4.48 3.21
2016-12-31 91.39 -7.53 3.11
2016-09-30 69.72 -15.19 2.78
2016-06-30 57.11 -18.80 2.80
2016-03-31 54.22 -17.23 2.91
2015-12-31 52.62 -16.93 2.99
2015-09-30 75.86 -10.56 3.40
2015-06-30 93.97 -8.12 3.33
2015-03-31 104.91 -14.38 3.96
2014-12-31 119.62 -10.70 4.04
2014-09-30 125.61 -14.85 3.78
2014-06-30 128.68 -10.09 3.90
2014-03-31 132.80 -2.63 2.95
2013-12-31 143.59 0.99 2.76
2013-09-30 153.57 -1.87 4.24
2013-06-30 165.86 -7.10 4.03
2013-03-31 174.42 -7.26 4.53
2012-12-31 181.76 -8.19 4.85
2012-09-30 175.05 -6.53 1.61
2012-06-30 172.78 -3.53 4.07
2012-03-31 171.06 -0.64 4.95

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Amerigo Resources has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Amerigo Resources used its assets less efficiently than the CA Metals and Mining industry average last year based on Return on Assets.
  • Amerigo Resources has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Amerigo Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Amerigo Resources has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Amerigo Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Amerigo Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Amerigo Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Amerigo Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Amerigo Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Amerigo Resources Company Filings, last reported 2 months ago.

TSX:ARG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 109.21 75.21 21.45
2018-09-30 104.22 71.36 23.62
2018-06-30 102.83 65.56 21.64
2018-03-31 100.02 66.05 30.01
2017-12-31 98.18 63.26 27.52
2017-09-30 94.93 66.67 22.70
2017-06-30 85.86 63.48 20.14
2017-03-31 87.30 71.16 23.10
2016-12-31 87.88 70.06 15.92
2016-09-30 84.93 75.01 21.06
2016-06-30 87.30 71.05 9.04
2016-03-31 90.60 79.24 11.76
2015-12-31 94.89 73.36 9.03
2015-09-30 99.20 64.22 9.93
2015-06-30 105.60 44.34 12.69
2015-03-31 107.56 24.55 14.18
2014-12-31 111.49 0.00 18.31
2014-09-30 109.73 0.00 10.20
2014-06-30 114.11 0.00 7.27
2014-03-31 121.53 0.00 8.14
2013-12-31 121.74 0.00 13.15
2013-09-30 128.67 0.00 5.37
2013-06-30 126.95 0.00 3.88
2013-03-31 138.38 1.00 13.28
2012-12-31 132.20 1.48 9.25
2012-09-30 143.54 2.50 35.65
2012-06-30 140.14 3.37 7.59
2012-03-31 150.20 4.39 19.18
  • Amerigo Resources's level of debt (68.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 68.9% today).
  • Debt is well covered by operating cash flow (36.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.8x coverage).
X
Financial health checks
We assess Amerigo Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Amerigo Resources has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Amerigo Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Amerigo Resources dividends.
If you bought CA$2,000 of Amerigo Resources shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Amerigo Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Amerigo Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:ARG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:ARG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2019-12-31
TSX:ARG Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2014-08-07 0.000 0.000
2014-05-08 0.000 0.000
2014-02-26 0.000 0.000
2013-11-08 0.000 0.000
2013-08-06 0.000 0.000
2013-02-28 0.038 7.646
2013-02-27 0.000 0.000
2012-11-08 0.039 6.554
2012-05-07 0.038 7.084
2011-11-07 0.040 5.724
2011-03-28 0.038 4.432
2010-11-03 0.000 0.000
2010-05-12 0.000 0.000
2010-03-04 0.000 0.000
2009-11-02 0.000 0.000
2009-08-06 0.000 0.000
2009-05-13 0.000 0.000
2009-03-25 0.000 0.000
2009-03-23 0.123 36.475

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Amerigo Resources has not reported any payouts.
  • Unable to verify if Amerigo Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Amerigo Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Amerigo Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Amerigo Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Amerigo Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Amerigo Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Amerigo Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rob Henderson
COMPENSATION $864,216
AGE 55
TENURE AS CEO 3.4 years
CEO Bio

Mr. Robert Duncan Henderson, also known as Rob, P.Eng has been the Chief Executive Officer of Amerigo Resources Ltd. since October 1, 2015 and has been its President since October 1, 2013. Mr. Henderson has been Director of BQE Water Inc. since August 14, 2018. He served as the Chief Operating Officer of Amerigo Resources Ltd. from June 4, 2012 to October 1, 2015. Mr. Henderson served as Senior Vice President of Technical Services of Kinross Gold Corporation since February 2009. Mr. Henderson has 30 years of international experience operating, building and acquiring mineral properties. Mr. Henderson served as Vice President of Technical Services of Kinross Gold Corporation. since September 2006. He served as an Acting Vice President of Technical Services of Kinross Gold Corporation from July 2006 to September 2006 and Director of Technical services from May 2004 to November 2005 and Manager of Metallurgy and Mineral Processing from April 2004 to November 2005. Prior to Kinross, Mr. Henderson served as a Project Manager of Hatch Associates from February 2000 to May 2004. He has worked in mine operations for Rand Mines and DeBeers, and with SNC Lavalin, delivering engineering services to international mining clients. Prior to Hatch Associates, Mr. Henderson held various positions at mining operations in Johannesburg and at mining engineering service companies in Vancouver. He has been an Independent Director at Argentex Mining Corporation since August 1, 2012. He is a registered Professional Engineer in Ontario and holds a Degree in Chemical Engineering and a Masters in Business Administration, both from the University of Cape Town.

CEO Compensation
  • Rob's compensation has increased by more than 20% in the past year.
  • Rob's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Amerigo Resources management team in years:

3.4
Average Tenure
55
Average Age
  • The tenure for the Amerigo Resources management team is about average.
Management Team

Klaus Zeitler

TITLE
Executive Chairman
COMPENSATION
$830K
AGE
79
TENURE
3.4 yrs

Rob Henderson

TITLE
President & CEO
COMPENSATION
$864K
AGE
55
TENURE
3.4 yrs

Aurora Davidson

TITLE
Executive VP & CFO
COMPENSATION
$714K
AGE
50
TENURE
15.3 yrs

Kimberly Thomas

TITLE
Corporate Secretary
TENURE
3.2 yrs
Board of Directors Tenure

Average tenure and age of the Amerigo Resources board of directors in years:

6.1
Average Tenure
78
Average Age
  • The tenure for the Amerigo Resources board of directors is about average.
Board of Directors

Klaus Zeitler

TITLE
Executive Chairman
COMPENSATION
$830K
AGE
79
TENURE
5.4 yrs

Bob Gayton

TITLE
Lead Independent Director
COMPENSATION
$140K
AGE
78
TENURE
5.4 yrs

Alberto Salas

TITLE
Director
COMPENSATION
$113K
TENURE
7.8 yrs

George Ireland

TITLE
Director
COMPENSATION
$113K
AGE
61
TENURE
6.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
04. Feb 19 Buy Luzich Partners Company 12. Jul 18 28. Dec 18 122,100 CA$0.97 CA$107,965
21. Dec 18 Buy Luzich Partners Company 20. Dec 18 20. Dec 18 100,000 CA$0.80 CA$80,000
21. Dec 18 Sell Nauman Toor Individual 17. Dec 18 17. Dec 18 -41,881 CA$0.86 CA$-36,018
07. Dec 18 Buy Luzich Partners Company 03. Dec 18 07. Dec 18 91,500 CA$0.96 CA$86,331
30. Nov 18 Buy Luzich Partners Company 26. Nov 18 30. Nov 18 128,000 CA$0.94 CA$118,259
19. Nov 18 Buy Luzich Partners Company 16. Nov 18 19. Nov 18 81,000 CA$0.94 CA$76,176
29. Oct 18 Buy Nauman Toor Individual 24. Oct 18 29. Oct 18 39,500 CA$0.90 CA$35,271
23. Oct 18 Buy Luzich Partners Company 19. Oct 18 23. Oct 18 200,000 CA$0.94 CA$186,862
15. Oct 18 Buy Nauman Toor Individual 11. Oct 18 11. Oct 18 12,000 CA$0.79 CA$9,480
09. Oct 18 Buy Luzich Partners Company 05. Oct 18 05. Oct 18 7,000 CA$0.81 CA$5,670
28. Sep 18 Buy Luzich Partners Company 28. Sep 18 28. Sep 18 51,500 CA$0.76 CA$39,140
28. Sep 18 Buy Nauman Toor Individual 28. Sep 18 28. Sep 18 30,000 CA$0.75 CA$22,500
24. Sep 18 Buy Luzich Partners Company 19. Sep 18 19. Sep 18 55,000 CA$0.78 CA$42,900
20. Sep 18 Buy George Ireland Individual 19. Sep 18 19. Sep 18 25,000 CA$0.79 CA$19,625
11. Sep 18 Buy Luzich Partners Company 07. Sep 18 07. Sep 18 6,500 CA$0.73 CA$4,745
05. Sep 18 Buy Nauman Toor Individual 31. Aug 18 31. Aug 18 12,000 CA$0.77 CA$9,240
24. Aug 18 Buy Luzich Partners Company 20. Aug 18 24. Aug 18 79,500 CA$0.76 CA$59,653
17. Aug 18 Buy Luzich Partners Company 07. Aug 18 17. Aug 18 785,500 CA$0.87 CA$615,686
10. Aug 18 Buy Nauman Toor Individual 09. Aug 18 09. Aug 18 50,000 CA$0.82 CA$41,000
03. Aug 18 Buy Luzich Partners Company 31. Jul 18 01. Aug 18 233,500 CA$0.89 CA$205,775
03. Aug 18 Buy Nauman Toor Individual 01. Aug 18 01. Aug 18 50,000 CA$0.88 CA$44,000
27. Jul 18 Buy Luzich Partners Company 23. Jul 18 23. Jul 18 182,500 CA$0.87 CA$158,775
20. Jul 18 Buy Luzich Partners Company 17. Jul 18 20. Jul 18 302,000 CA$0.92 CA$271,158
20. Jul 18 Buy Nauman Toor Individual 16. Jul 18 17. Jul 18 28,000 CA$0.92 CA$25,710
14. Jul 18 Buy Luzich Partners Company 11. Jul 18 11. Jul 18 2,500 CA$0.88 CA$2,200
11. Jun 18 Buy Luzich Partners Company 07. Jun 18 08. Jun 18 76,500 CA$1.08 CA$82,069
04. Jun 18 Buy Luzich Partners Company 30. May 18 04. Jun 18 89,500 CA$0.98 CA$86,825
29. May 18 Buy Luzich Partners Company 24. May 18 24. May 18 33,900 CA$1.01 CA$34,239
18. May 18 Buy Luzich Partners Company 14. May 18 17. May 18 95,600 CA$1.03 CA$96,059
04. May 18 Buy Luzich Partners Company 04. May 18 04. May 18 188,200 CA$1.03 CA$193,846
27. Apr 18 Buy Luzich Partners Company 23. Apr 18 25. Apr 18 134,600 CA$1.07 CA$144,309
14. Apr 18 Buy Luzich Partners Company 09. Apr 18 13. Apr 18 76,600 CA$1.02 CA$76,686
10. Apr 18 Buy Luzich Partners Company 04. Apr 18 05. Apr 18 150,000 CA$1.00 CA$148,845
10. Apr 18 Buy Nauman Toor Individual 05. Apr 18 05. Apr 18 6,200 CA$0.99 CA$6,138
10. Apr 18 Sell Robert Henderson Individual 29. Mar 18 09. Apr 18 -191,700 CA$1.02 CA$-190,243
23. Mar 18 Buy Luzich Partners Company 22. Mar 18 23. Mar 18 101,500 CA$1.02 CA$103,159
23. Mar 18 Buy Nauman Toor Individual 22. Mar 18 23. Mar 18 83,100 CA$1.01 CA$83,314
23. Mar 18 Buy George Ireland Individual 22. Mar 18 22. Mar 18 27,500 CA$1.02 CA$27,978
X
Management checks
We assess Amerigo Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Amerigo Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Did Amerigo Resources Ltd.'s (TSE:ARG) 9.6% ROE Fare Against The Industry?

Our data shows Amerigo Resources has a return on equity of 9.6% for the last year. … One way to conceptualize this, is that for each CA$1 of shareholders' equity it has, the company made CA$0.096 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What You Must Know About Amerigo Resources Ltd.'s (TSE:ARG) Financial Strength

Help shape the future of investing tools and receive a $20 prize! … Investors are always looking for growth in small-cap stocks like Amerigo Resources Ltd. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Does Amerigo Resources Ltd. (TSE:ARG) Have A High Beta?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Is Amerigo Resources Ltd.'s (TSE:ARG) CEO Pay Justified?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … See our latest analysis for Amerigo Resources? … How Does Rob Henderson's Compensation Compare With Similar Sized Companies?

Simply Wall St -

What Percentage Of Amerigo Resources Ltd. (TSE:ARG) Shares Do Insiders Own?

Amerigo Resources is not a large company by global standards. … Our analysis of the ownership of the company, below, shows that. … View our latest analysis for Amerigo Resources

Simply Wall St -

Did Amerigo Resources Ltd. (TSE:ARG) Insiders Sell Shares?

Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. … So shareholders might well want to know whether insiders have been buying or selling shares in Amerigo Resources Ltd. … In total, Amerigo Resources insiders sold more than they bought over the last year.

Simply Wall St -

Here's What Amerigo Resources Ltd's (TSE:ARG) P/E Is Telling Us

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) … P/E of 14.87 = $0.71 (Note: this is the share price in the reporting currency, namely, USD ) ÷ $0.048

Simply Wall St -

Is Amerigo Resources Ltd (TSE:ARG) A Financially Sound Company?

While small-cap stocks, such as Amerigo Resources Ltd (TSE:ARG) with its market cap of CA$168m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … I believe these basic checks tell most of the story you need to know.

Simply Wall St -

Should You Be Impressed By Amerigo Resources Ltd's (TSE:ARG) ROE?

By way of learning-by-doing, we'll look at ROE to gain a better understanding Amerigo Resources Ltd (TSE:ARG). … Amerigo Resources has a ROE of 14%, based on the last twelve months. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What You Must Know About Amerigo Resources Ltd's (TSE:ARG) Financial Strength

While small-cap stocks, such as Amerigo Resources Ltd (TSE:ARG) with its market cap of US$155.98m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … since poor capital management may bring about bankruptcies, … I believe these basic checks tell most of the story you need to know.

Simply Wall St -

Company Info

Description

Amerigo Resources Ltd., through its subsidiary, Minera Valle Central S.A., produces and sells copper and molybdenum concentrates from Codelco’s El Teniente underground mine in Chile. The company was formerly known as Golden Temple Mining Corp. and changed its name to Amerigo Resources Ltd. in March 2002. Amerigo Resources Ltd. was founded in 1984 and is headquartered in Vancouver, Canada.

Details
Name: Amerigo Resources Ltd.
ARG
Exchange: TSX
Founded: 1984
CA$196,781,632
177,280,750
Website: http://www.amerigoresources.com
Address: Amerigo Resources Ltd.
The Marine Building,
Suite 1260,
Vancouver,
British Columbia, V6C 2G8,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX ARG Common Shares The Toronto Stock Exchange CA CAD 09. Sep 1988
OTCPK ARRE.F Common Shares Pink Sheets LLC US USD 09. Sep 1988
DB RE8 Common Shares Deutsche Boerse AG DE EUR 09. Sep 1988
Number of employees
Current staff
Staff numbers
293
Amerigo Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:32
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/01
Last earnings filing: 2019/02/21
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.