Fresnillo (LON:FRES - Free Report) had its target price increased by Berenberg Bank from GBX 620 ($8.05) to GBX 720 ($9.35) in a report released on Thursday, Marketbeat reports. Berenberg Bank currently has a hold rating on the stock.
Fresnillo Stock Up 1.0 %
Shares of FRES traded up GBX 8 ($0.10) during trading on Thursday, reaching GBX 771.50 ($10.02). The company's stock had a trading volume of 1,106,776 shares, compared to its average volume of 1,469,650. The company has a market cap of £5.69 billion, a price-to-earnings ratio of 3,214.58, a P/E/G 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. The company has a fifty day moving average of GBX 597.27 and a two-hundred day moving average of GBX 585.90. Fresnillo has a twelve month low of GBX 435.20 ($5.65) and a twelve month high of GBX 782 ($10.15).
Fresnillo Increases Dividend
The business also recently disclosed a dividend, which was paid on Tuesday, September 17th. Shareholders of record on Thursday, August 8th were paid a dividend of $0.06 per share. This represents a yield of 0.87%. This is an increase from Fresnillo's previous dividend of $0.04. The ex-dividend date was Thursday, August 8th. Fresnillo's dividend payout ratio is 3,333.33%.
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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