Shares of Fresnillo plc (LON:FRES – Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 552.83 ($7.30) and traded as high as GBX 589 ($7.78). Fresnillo shares last traded at GBX 588.50 ($7.77), with a volume of 878,135 shares.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on FRES. Berenberg Bank raised their price objective on shares of Fresnillo from GBX 560 ($7.40) to GBX 610 ($8.06) and gave the company a “hold” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. raised their price objective on shares of Fresnillo from GBX 750 ($9.91) to GBX 800 ($10.57) and gave the company an “overweight” rating in a research report on Tuesday, May 28th.
View Our Latest Research Report on FRES
Fresnillo Price Performance
Fresnillo Increases Dividend
The company also recently announced a dividend, which was paid on Tuesday, September 17th. Shareholders of record on Thursday, August 8th were paid a dividend of $0.06 per share. This represents a yield of 0.87%. This is a positive change from Fresnillo’s previous dividend of $0.04. The ex-dividend date of this dividend was Thursday, August 8th. Fresnillo’s payout ratio is presently 3,333.33%.
Fresnillo Company Profile
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.
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