Fresnillo (LON:FRES) Hits New 52-Week High - Should You Buy?

Fresnillo plc (LON:FRES - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 1,096 ($14.87) and last traded at GBX 1,090 ($14.79), with a volume of 6198987 shares changing hands. The stock had previously closed at GBX 1,085 ($14.72).

Wall Street Analyst Weigh In

FRES has been the topic of several recent research reports. Canaccord Genuity Group upped their price target on shares of Fresnillo from GBX 805 ($10.92) to GBX 980 ($13.30) and gave the company a "hold" rating in a report on Thursday, April 24th. Royal Bank of Canada reiterated a "sector perform" rating and set a GBX 880 ($11.94) price objective on shares of Fresnillo in a research note on Thursday, March 13th. Finally, Berenberg Bank upped their target price on Fresnillo from GBX 1,310 ($17.77) to GBX 1,320 ($17.91) and gave the stock a "buy" rating in a research note on Wednesday, April 23rd.

Fresnillo Stock Performance

The company has a current ratio of 5.88, a quick ratio of 3.28 and a debt-to-equity ratio of 23.55. The firm's fifty day moving average price is GBX 986.69 and its two-hundred day moving average price is GBX 805.82. The stock has a market capitalization of £10.25 billion, a PE ratio of 41.34, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15.

Fresnillo Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, April 17th will be given a dividend of $0.68 per share. This represents a yield of 5.49%. The ex-dividend date is Thursday, April 17th. This is a positive change from Fresnillo's previous dividend of $0.06. Fresnillo's dividend payout ratio (DPR) is currently 29.82%.

About Fresnillo

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.