Fresnillo (LON:FRES) Sets New 52-Week High – Still a Buy?

Fresnillo plc (LON:FRES) hit a new 52-week high during trading on Monday . The company traded as high as GBX 1,087 ($14.44) and last traded at GBX 999.50 ($13.28), with a volume of 1536433 shares. The stock had previously closed at GBX 1,061 ($14.10).

Analysts Set New Price Targets

FRES has been the topic of a number of recent research reports. Royal Bank of Canada reissued a “sector perform” rating and set a GBX 880 ($11.69) target price on shares of Fresnillo in a research report on Thursday, March 13th. Berenberg Bank upped their price objective on shares of Fresnillo from GBX 1,310 ($17.41) to GBX 1,320 ($17.54) and gave the company a “buy” rating in a research note on Wednesday, April 23rd. Finally, Canaccord Genuity Group lifted their target price on shares of Fresnillo from GBX 805 ($10.70) to GBX 980 ($13.02) and gave the company a “hold” rating in a research report on Thursday, April 24th.

Fresnillo Trading Down 5.8%

The stock has a market cap of £9.23 billion, a price-to-earnings ratio of 37.25, a PEG ratio of -1.58 and a beta of 0.15. 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 business’s 50 day simple moving average is GBX 951.60 and its 200 day simple moving average is GBX 784.17.

Fresnillo Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, April 17th will be given a dividend of $0.68 per share. This represents a yield of 5.49%. This is a positive change from Fresnillo’s previous dividend of $0.06. The ex-dividend date is Thursday, April 17th. Fresnillo’s dividend payout ratio (DPR) 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.