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 529.65 ($6.65) and traded as high as GBX 564.50 ($7.09). Fresnillo shares last traded at GBX 549.50 ($6.90), with a volume of 654,418 shares trading hands.
Analyst Ratings Changes
Separately, Berenberg Bank increased their price target on shares of Fresnillo from GBX 480 ($6.03) to GBX 570 ($7.16) and gave the stock a “hold” rating in a research note on Thursday, April 25th.
Read Our Latest Analysis on FRES
Fresnillo Stock Performance
Fresnillo Increases Dividend
The business also recently announced a dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Thursday, April 18th will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, April 18th. This represents a yield of 0.69%. This is a boost from Fresnillo’s previous dividend of $0.01. Fresnillo’s dividend payout ratio is presently 2,000.00%.
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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