Fresnillo (LON:FRES) Hits New 52-Week High – Should You Buy?

Fresnillo plc (LON:FRES) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 1,096 ($14.84) and last traded at GBX 1,090 ($14.76), with a volume of 6198987 shares. The stock had previously closed at GBX 1,085 ($14.69).

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 880 ($11.91) target price on shares of Fresnillo in a research note on Thursday, March 13th. Canaccord Genuity Group upped their target price on shares of Fresnillo from GBX 805 ($10.90) to GBX 980 ($13.27) and gave the stock a “hold” rating in a research note on Thursday, April 24th. Finally, Berenberg Bank upped their target price on shares of Fresnillo from GBX 1,310 ($17.73) to GBX 1,320 ($17.87) and gave the stock a “buy” rating in a research note on Wednesday, April 23rd.

Fresnillo Stock Performance

The company has a market cap of £10.35 billion, a P/E ratio of 41.75, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The company’s 50-day moving average is GBX 983.16 and its two-hundred day moving average is GBX 802.73. The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 23.55.

Fresnillo Increases Dividend

The business 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. The ex-dividend date of this dividend is Thursday, April 17th. This represents a yield of 5.49%. This is a positive change from Fresnillo’s previous dividend of $0.06. Fresnillo’s dividend payout ratio is presently 29.82%.

Fresnillo Company Profile

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.