Fresnillo (LON:FRES) Sets New 12-Month High – Still a Buy?

Fresnillo plc (LON:FRES)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as GBX 669.82 ($8.75) and last traded at GBX 669.82 ($8.75), with a volume of 1002994 shares traded. The stock had previously closed at GBX 654.50 ($8.55).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upped their price target on shares of Fresnillo from GBX 560 ($7.31) to GBX 610 ($7.97) and gave the company a “hold” rating in a research note on Wednesday, July 31st.

Fresnillo Stock Up 2.9 %

The firm has a market capitalization of £4.96 billion, a price-to-earnings ratio of 2,712.50, a price-to-earnings-growth ratio of -1.58 and a beta of 0.24. The company has a debt-to-equity ratio of 21.66, a current ratio of 5.88 and a quick ratio of 3.28. The business has a fifty day moving average price of GBX 572.24 and a two-hundred day moving average price of GBX 573.61.

Fresnillo Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, September 17th. Investors of record on Thursday, August 8th were given a $0.06 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a yield of 0.87%. This is a positive change from Fresnillo’s previous dividend of $0.04. Fresnillo’s dividend payout ratio is currently 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.