Shares of Fresnillo plc (LON:FRES - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 669.82 ($8.75) and last traded at GBX 669.82 ($8.75), with a volume of 1002994 shares trading hands. The stock had previously closed at GBX 654.50 ($8.55).
Analysts Set New Price Targets
Separately, Berenberg Bank raised their target price on Fresnillo from GBX 560 ($7.31) to GBX 610 ($7.97) and gave the company a "hold" rating in a report on Wednesday, July 31st.
Check Out Our Latest Stock Report on FRES
Fresnillo Trading Up 2.2 %
The company's 50 day simple moving average is GBX 572.24 and its 200 day simple moving average is GBX 573.61. The company has a debt-to-equity ratio of 21.66, a current ratio of 5.88 and a quick ratio of 3.28. The firm has a market cap of £4.93 billion, a price-to-earnings ratio of 2,819.82, a P/E/G ratio of -1.58 and a beta of 0.24.
Fresnillo Increases Dividend
The business also recently declared a dividend, which was paid on Tuesday, September 17th. Shareholders of record on Thursday, August 8th were issued a dividend of $0.06 per share. This is an increase from Fresnillo's previous dividend of $0.04. The ex-dividend date of this dividend was Thursday, August 8th. This represents a yield of 0.87%. Fresnillo's dividend payout ratio is 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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