Fresnillo (LON:FRES) Share Price Passes Above 200 Day Moving Average of $559.49

Posted by MarketBeat News on Sep 28th, 2024

Shares of Fresnillo plc (LON:FRES – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 559.49 ($7.49) and traded as high as GBX 637.50 ($8.54). Fresnillo shares last traded at GBX 621 ($8.32), with a volume of 862,078 shares.

Analyst Ratings Changes

Separately, Berenberg Bank increased their target price on shares of Fresnillo from GBX 560 ($7.50) to GBX 610 ($8.17) and gave the stock a “hold” rating in a research report on Wednesday, July 31st.

Get Our Latest Research Report on FRES

Fresnillo Stock Down 2.4 %

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The firm has a market cap of £4.58 billion, a P/E ratio of 2,587.50, a P/E/G ratio of -1.58 and a beta of 0.24. The business’s fifty day moving average price is GBX 564.17 and its two-hundred day moving average price is GBX 559.49. The company has a current ratio of 5.88, a quick ratio of 3.28 and a debt-to-equity ratio of 21.66.

Fresnillo Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, September 17th. Stockholders of record on Thursday, August 8th were issued a dividend of $0.06 per share. The ex-dividend date was Thursday, August 8th. This represents a dividend yield of 0.87%. This is an increase from Fresnillo’s previous dividend of $0.04. Fresnillo’s dividend payout ratio (DPR) is currently 3,333.33%.

Fresnillo Company Profile

(Get Free Report)

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.