Fresnillo (LON:FRES) Sets New 12-Month High - Here's What Happened

Fresnillo plc (LON:FRES - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 938 ($12.16) and last traded at GBX 938 ($12.16), with a volume of 1289048 shares changing hands. The stock had previously closed at GBX 916.50 ($11.88).

Analyst Upgrades and Downgrades

FRES has been the topic of several research analyst reports. Royal Bank of Canada restated a "sector perform" rating and set a GBX 880 ($11.41) price target on shares of Fresnillo in a report on Thursday, March 13th. Berenberg Bank upgraded shares of Fresnillo to a "buy" rating and boosted their price target for the company from GBX 840 ($10.89) to GBX 1,020 ($13.23) in a report on Thursday, March 6th. JPMorgan Chase & Co. restated an "overweight" rating on shares of Fresnillo in a report on Friday, November 22nd. Finally, Canaccord Genuity Group boosted their price target on shares of Fresnillo from GBX 760 ($9.85) to GBX 805 ($10.44) and gave the company a "hold" rating in a report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of GBX 824 ($10.68).

Fresnillo Price Performance

The stock has a market capitalization of £8.47 billion, a P/E ratio of 34.19, a PEG ratio of -1.58 and a beta of 0.15. The stock's fifty day moving average is GBX 767.42 and its 200-day moving average is GBX 683.04. The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28.

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Fresnillo Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, April 17th will be issued a dividend of $0.68 per share. This represents a yield of 5.49%. This is a boost from Fresnillo's previous dividend of $0.06. The ex-dividend date is Thursday, April 17th. Fresnillo's dividend payout ratio is 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.