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. Stockholders 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 an increase from Fresnillo’s previous dividend of $0.04. The official announcement can be viewed at this link.

Fresnillo Stock Performance

LON:FRES opened at GBX 574.87 ($7.39) on Tuesday. The company has a quick ratio of 3.28, a current ratio of 4.14 and a debt-to-equity ratio of 23.33. The firm has a market capitalization of £4.24 billion, a PE ratio of 2,288.00, a price-to-earnings-growth ratio of -1.58 and a beta of 0.22. Fresnillo has a twelve month low of GBX 435.20 ($5.60) and a twelve month high of GBX 647.50 ($8.33). The stock’s 50-day simple moving average is GBX 586.14 and its 200 day simple moving average is GBX 541.50.

Analyst Ratings Changes

A number of research firms recently issued reports on FRES. Barclays decreased their price objective on Fresnillo from GBX 630 ($8.10) to GBX 615 ($7.91) and set an “equal weight” rating on the stock in a research note on Tuesday, May 7th. Berenberg Bank boosted their target price on Fresnillo from GBX 480 ($6.17) to GBX 570 ($7.33) and gave the stock a “hold” rating in a research report on Thursday, April 25th. Finally, JPMorgan Chase & Co. boosted 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 report on Tuesday, May 28th.

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.