Shares of Fresnillo plc (LON:FRES - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 649.50 ($8.50) and last traded at GBX 648.50 ($8.49), with a volume of 855863 shares traded. The stock had previously closed at GBX 632 ($8.27).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank boosted their price target on shares of Fresnillo from GBX 560 ($7.33) to GBX 610 ($7.98) and gave the stock a "hold" rating in a research report on Wednesday, July 31st.
Read Our Latest Stock Analysis on Fresnillo
Fresnillo Trading Up 3.5 %
The stock's 50 day moving average is GBX 567.44 and its two-hundred day moving average is GBX 568.32. The company has a market capitalization of £4.82 billion, a PE ratio of 2,725.00, a price-to-earnings-growth ratio of -1.58 and a beta of 0.24. The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 21.66.
Fresnillo Increases Dividend
The company also recently declared a dividend, which was paid on Tuesday, September 17th. Shareholders of record on Thursday, August 8th were given a dividend of $0.06 per share. This represents a dividend yield of 0.87%. This is a positive change from Fresnillo's previous dividend of $0.04. The ex-dividend date was Thursday, August 8th. Fresnillo's dividend payout ratio is presently 3,333.33%.
About Fresnillo
(
Get Free Report)
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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