Fresnillo (LON:FRES) Hits New 1-Year High - What's Next?

Fresnillo plc (LON:FRES - Get Free Report) reached a new 52-week high on Friday . The stock traded as high as GBX 975 ($12.90) and last traded at GBX 973.50 ($12.88), with a volume of 5928453 shares traded. The stock had previously closed at GBX 923 ($12.22).

Analyst Upgrades and Downgrades

Several research analysts have recently commented on FRES shares. Berenberg Bank raised shares of Fresnillo to a "buy" rating and lifted their price target for the company from GBX 840 ($11.12) to GBX 1,020 ($13.50) in a report on Thursday, March 6th. Royal Bank of Canada restated a "sector perform" rating and set a GBX 880 ($11.65) price objective on shares of Fresnillo in a report on Thursday, March 13th. Finally, Canaccord Genuity Group increased their price target on Fresnillo from GBX 760 ($10.06) to GBX 805 ($10.65) and gave the company a "hold" rating in a research note on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of GBX 824 ($10.91).

Fresnillo Stock Up 2.1 %

The stock has a market capitalization of £9.98 billion, a price-to-earnings ratio of 40.26, a P/E/G 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. The business has a 50-day moving average of GBX 861.95 and a 200-day moving average of GBX 735.28.

Fresnillo Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, April 17th will be paid a dividend of $0.68 per share. The ex-dividend date is Thursday, April 17th. This represents a dividend yield of 5.49%. This is an increase from Fresnillo's previous dividend of $0.06. Fresnillo's dividend payout ratio is currently 29.82%.

Fresnillo Company Profile

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.