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

Fresnillo plc (LON:FRES) declared a dividend on Tuesday, March 4th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 17th will be given a dividend of $0.68 per share on Friday, May 30th. This represents a dividend 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 accessed at this link.

Fresnillo Stock Up 3.3 %

Shares of LON:FRES opened at GBX 1,054 ($13.90) on Tuesday. Fresnillo has a 52 week low of GBX 497 ($6.55) and a 52 week high of GBX 1,059 ($13.96). The company has a debt-to-equity ratio of 23.55, a quick ratio of 3.28 and a current ratio of 5.88. The company has a market capitalization of £9.74 billion, a PE ratio of 39.28, a PEG ratio of -1.58 and a beta of 0.15. The company has a 50 day moving average price of GBX 855.85 and a two-hundred day moving average price of GBX 733.04.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Canaccord Genuity Group lifted their price target on Fresnillo from GBX 760 ($10.02) to GBX 805 ($10.61) and gave the company a “hold” rating in a research note on Tuesday, February 25th. Royal Bank of Canada restated a “sector perform” rating and set a GBX 880 ($11.60) target price on shares of Fresnillo in a research note on Thursday, March 13th. Finally, Berenberg Bank raised Fresnillo to a “buy” rating and lifted their target price for the stock from GBX 840 ($11.08) to GBX 1,020 ($13.45) in a report on Thursday, March 6th. Three 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, the stock presently has an average rating of “Hold” and a consensus price target of GBX 824 ($10.86).

About Fresnillo

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.