Fresnillo plc (LON:FRES) Declares Dividend of $0.68

Fresnillo plc (LON:FRES) declared a dividend on Tuesday, March 4th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 17th will be given a dividend of $0.68 per share on Friday, May 30th. This represents a dividend yield of 5.49%. The ex-dividend date is Thursday, April 17th. This is a 960.9% increase from Fresnillo’s previous dividend of $0.06. The official announcement can be viewed at this link.

Fresnillo Stock Performance

Fresnillo stock opened at GBX 1,051 ($13.86) on Tuesday. The stock has a market cap of £9.71 billion, a PE ratio of 39.17, 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 has a 12-month low of GBX 497 ($6.55) and a 12-month high of GBX 1,059 ($13.96). The business’s 50-day moving average price is GBX 855.85 and its two-hundred day moving average price is GBX 733.04.

Analyst Upgrades and Downgrades

FRES has been the subject of a number of research analyst reports. Berenberg Bank upgraded shares of Fresnillo to a “buy” rating and upped their price objective for the stock from GBX 840 ($11.08) to GBX 1,020 ($13.45) in a research report on Thursday, March 6th. Canaccord Genuity Group increased their price target on Fresnillo from GBX 760 ($10.02) to GBX 805 ($10.61) and gave the company a “hold” rating in a research note on Tuesday, February 25th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a GBX 880 ($11.60) price objective on shares of Fresnillo in a research report on Thursday, March 13th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of GBX 824 ($10.86).

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.