Fresnillo plc (LON:FRES) to Issue Dividend Increase – $0.68 Per Share

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

Fresnillo Stock Performance

FRES stock opened at GBX 1,051 ($13.86) on Tuesday. The firm has a market cap of £9.71 billion, a PE ratio of 39.17, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The company has a current ratio of 5.88, a quick ratio of 3.28 and a debt-to-equity ratio of 23.55. The stock has a 50-day moving average price of GBX 855.85 and a 200-day moving average price of GBX 733.04. Fresnillo has a 1-year low of GBX 497 ($6.55) and a 1-year high of GBX 1,059 ($13.96).

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 880 ($11.60) target price on shares of Fresnillo in a report on Thursday, March 13th. Canaccord Genuity Group increased their price objective on shares of Fresnillo from GBX 760 ($10.02) to GBX 805 ($10.61) and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Finally, Berenberg Bank raised shares of Fresnillo to a “buy” rating and lifted their price target for the company from GBX 840 ($11.08) to GBX 1,020 ($13.45) in a research report on Thursday, March 6th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 824 ($10.86).

Fresnillo Company Profile

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.