Fresnillo (LON:FRES - Free Report) had its price target increased by Berenberg Bank from GBX 480 ($5.93) to GBX 570 ($7.04) in a research report report published on Thursday, MarketBeat.com reports. Berenberg Bank currently has a hold rating on the stock.
Fresnillo Stock Up 0.9 %
Shares of FRES traded up GBX 5 ($0.06) during trading hours on Thursday, hitting GBX 584 ($7.21). The stock had a trading volume of 693,975 shares, compared to its average volume of 1,493,832. The company has a debt-to-equity ratio of 23.33, a current ratio of 4.14 and a quick ratio of 3.28. The firm has a 50 day simple moving average of GBX 506.45 and a 200-day simple moving average of GBX 528.98. The firm has a market capitalization of £4.30 billion, a P/E ratio of 2,336.00, a price-to-earnings-growth ratio of -1.58 and a beta of 0.26. Fresnillo has a 1-year low of GBX 435.20 ($5.38) and a 1-year high of GBX 739.26 ($9.13).
Fresnillo Increases Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, May 29th. Investors of record on Thursday, April 18th will be given a $0.04 dividend. This is a boost from Fresnillo's previous dividend of $0.01. The ex-dividend date of this dividend is Thursday, April 18th. This represents a yield of 0.69%. Fresnillo's dividend payout ratio (DPR) is presently 1,600.00%.
Fresnillo Company Profile
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Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Juanicipio. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include the Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; San Julián silver-gold mine situated on the border of Chihuahua/Durango states; and Juanicipio mine located in the state of Zacatecas.
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