Fresnillo plc (LON:FRES - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 795.78 ($10.80) and traded as high as GBX 1,054 ($14.30). Fresnillo shares last traded at GBX 1,041 ($14.12), with a volume of 805,253 shares trading hands.
Wall Street Analyst Weigh In
FRES has been the subject of a number of research reports. Berenberg Bank boosted their price target on Fresnillo from GBX 1,310 ($17.77) to GBX 1,320 ($17.91) and gave the company a "buy" rating in a report on Wednesday, April 23rd. Canaccord Genuity Group raised their price target on Fresnillo from GBX 805 ($10.92) to GBX 980 ($13.30) and gave the company a "hold" rating in a research note on Thursday, April 24th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a GBX 880 ($11.94) price objective on shares of Fresnillo in a research note on Thursday, March 13th.
Check Out Our Latest Report on Fresnillo
Fresnillo Stock Performance
The business has a 50-day moving average price of GBX 986.69 and a 200-day moving average price of GBX 805.82. The firm has a market capitalization of £10.35 billion, a price-to-earnings ratio of 41.75, a P/E/G ratio of -1.58 and a beta of 0.15. The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 23.55.
Fresnillo Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, April 17th will be paid a dividend of $0.68 per share. This represents a yield of 5.49%. This is an increase from Fresnillo's previous dividend of $0.06. The ex-dividend date of this dividend is Thursday, April 17th. Fresnillo's payout ratio is 29.82%.
About Fresnillo
(
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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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