Fresnillo plc (FRES) to Issue Dividend of $0.06 on September 17th

Fresnillo plc (LON:FRES) declared a dividend on Tuesday, July 30th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 8th will be paid 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 positive change from Fresnillo’s previous dividend of $0.04. The official announcement can be accessed at this link.

Fresnillo Stock Performance

Shares of FRES stock opened at GBX 596.77 ($7.68) on Thursday. The firm’s 50 day moving average price is GBX 584.98 and its 200-day moving average price is GBX 541.78. The company has a debt-to-equity ratio of 23.33, a quick ratio of 3.28 and a current ratio of 4.14. Fresnillo has a one year low of GBX 435.20 ($5.60) and a one year high of GBX 647.50 ($8.33). The firm has a market cap of £4.40 billion, a P/E ratio of 2,352.00, a P/E/G ratio of -1.58 and a beta of 0.22.

Wall Street Analyst Weigh In

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

About Fresnillo

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.