Fresnillo (LON:FRES) Reaches New 52-Week High – What’s Next?

Fresnillo plc (LON:FRES)’s share price hit a new 52-week high on Friday . The company traded as high as GBX 960.50 ($12.43) and last traded at GBX 956.75 ($12.38), with a volume of 5555584 shares. The stock had previously closed at GBX 947.50 ($12.26).

Analysts Set New Price Targets

A number of equities research analysts have recently commented on FRES shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 880 ($11.39) price objective on shares of Fresnillo in a research report on Thursday, March 13th. Berenberg Bank upgraded shares of Fresnillo to a “buy” rating and lifted their price target for the company from GBX 840 ($10.87) to GBX 1,020 ($13.20) in a report on Thursday, March 6th. Finally, Canaccord Genuity Group increased their target price on Fresnillo from GBX 760 ($9.84) to GBX 805 ($10.42) and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of GBX 824 ($10.67).

Fresnillo Trading Down 0.3 %

The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 23.55. The firm has a market cap of £8.73 billion, a P/E ratio of 35.22, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The business’s 50 day moving average is GBX 800.24 and its 200-day moving average is GBX 700.06.

Fresnillo Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, April 17th will be issued a $0.68 dividend. This is a positive change from Fresnillo’s previous dividend of $0.06. This represents a yield of 5.49%. The ex-dividend date of this dividend is Thursday, April 17th. Fresnillo’s payout ratio is currently 29.82%.

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.