Fresnillo plc (LON:FRES) Increases Dividend to $0.06 Per Share

Fresnillo plc (LON:FRES) announced a dividend on Tuesday, July 30th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 8th will be given a dividend of $0.06 per share on Tuesday, September 17th. This represents a dividend yield of 0.87%. The ex-dividend date is Thursday, August 8th. This is a boost from Fresnillo’s previous dividend of $0.04. The official announcement can be seen at this link.

Fresnillo Price Performance

LON:FRES opened at GBX 580 ($7.46) on Wednesday. Fresnillo has a one year low of GBX 435.20 ($5.60) and a one year high of GBX 647.50 ($8.33). The company has a debt-to-equity ratio of 23.33, a quick ratio of 3.28 and a current ratio of 4.14. The stock has a market cap of £4.27 billion, a PE ratio of 2,296.00, a P/E/G ratio of -1.58 and a beta of 0.22. The stock has a 50 day moving average price of GBX 584.98 and a 200 day moving average price of GBX 541.78.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FRES shares. Barclays cut their price target on Fresnillo from GBX 630 ($8.10) to GBX 615 ($7.91) and set an “equal weight” rating for the company in a report on Tuesday, May 7th. Berenberg Bank increased their price target on Fresnillo from GBX 480 ($6.17) to GBX 570 ($7.33) and gave the company a “hold” rating in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. raised their target price on Fresnillo from GBX 750 ($9.65) to GBX 800 ($10.29) and gave the stock an “overweight” rating in a research note on Tuesday, May 28th.

Fresnillo Company Profile

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.