Fresnillo plc (LON:FRES - Get Free Report)'s share price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 1,093 ($14.48) and last traded at GBX 1,083.43 ($14.36), with a volume of 1164250 shares changing hands. The stock had previously closed at GBX 1,058 ($14.02).
Analysts Set New Price Targets
A number of research analysts recently weighed in on FRES shares. Royal Bank of Canada restated a "sector perform" rating and issued a GBX 880 ($11.66) price objective on shares of Fresnillo in a report on Thursday, March 13th. Canaccord Genuity Group boosted their price objective on Fresnillo from GBX 760 ($10.07) to GBX 805 ($10.67) and gave the stock a "hold" rating in a research report on Tuesday, February 25th. Finally, Berenberg Bank upgraded shares of Fresnillo to a "buy" rating and lifted their price target for the stock from GBX 840 ($11.13) to GBX 1,020 ($13.52) in a research note on Thursday, March 6th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Fresnillo currently has a consensus rating of "Hold" and a consensus target price of GBX 824 ($10.92).
View Our Latest Research Report on FRES
Fresnillo Stock Up 1.8 %
The firm has a 50-day moving average price of GBX 886.72 and a two-hundred day moving average price of GBX 749.86. The firm has a market cap of £9.60 billion, a price-to-earnings ratio of 38.72, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The company has a debt-to-equity ratio of 23.55, a quick ratio of 3.28 and a current ratio of 5.88.
Fresnillo Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, April 17th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a yield of 5.49%. This is a boost from Fresnillo's previous dividend of $0.06. Fresnillo's dividend payout ratio (DPR) is presently 29.82%.
About Fresnillo
(
Get Free Report)
Fresnillo plc is the world's largest silver producer and Mexico's largest gold producer, listed on the London and Mexican stock exchanges.
The Group seeks to create value for stakeholders across precious metal cycles, focusing on high-potential silver and gold projects that can be developed into low cost, world-class mines.
Following a decade of consistent and successful progress, the Group is now focused on consolidating its growth and advancing its pipeline in order to deliver further growth in the years ahead.
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