Fresnillo Plc (FRES) Declares $0.11 Dividend

Fresnillo Plc (LON:FRES) declared a dividend on Tuesday, August 1st, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 10th will be paid a dividend of $0.11 per share on Friday, September 8th. This represents a yield of 0.53%. The ex-dividend date is Thursday, August 10th. The official announcement can be accessed at this link.

Shares of Fresnillo Plc (FRES) traded down 2.11% on Friday, reaching GBX 1533.00. 1,218,805 shares of the company’s stock were exchanged. The company’s 50 day moving average is GBX 1,500.89 and its 200-day moving average is GBX 1,524.60. Fresnillo Plc has a one year low of GBX 1,052.00 and a one year high of GBX 1,971.00. The stock’s market cap is GBX 11.30 billion.

FRES has been the topic of a number of recent analyst reports. Barclays PLC increased their target price on Fresnillo Plc from GBX 1,400 ($18.17) to GBX 1,500 ($19.47) and gave the stock an “equal weight” rating in a research note on Friday, April 21st. HSBC Holdings plc restated a “buy” rating and set a GBX 1,830 ($23.76) price target on shares of Fresnillo Plc in a research note on Tuesday, May 2nd. Macquarie raised their price target on Fresnillo Plc from GBX 1,300 ($16.88) to GBX 1,800 ($23.37) and gave the company a “neutral” rating in a research note on Thursday, June 8th. Numis Securities Ltd restated a “hold” rating and set a GBX 1,600 ($20.77) price target on shares of Fresnillo Plc in a research note on Thursday, July 27th. Finally, Citigroup Inc. restated a “sell” rating and set a GBX 1,225 ($15.90) price target on shares of Fresnillo Plc in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 1,443.18 ($18.74).

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About Fresnillo Plc

Fresnillo plc is a holding company. Through its subsidiaries, the Company is engaged in the mining and beneficiation of non-ferrous minerals, and the sale of related production. The primary contents of this production include silver, gold, lead and zinc. The Company has six operating mines: Fresnillo, located in the State of Zacatecas, which is primary silver mine; Saucito, located in the State of Zacatecas, an underground silver mine; Cienega, located in the State of Durango, an underground gold mine, including the San Ramon satellite mine; Herradura, located in the State of Sonora, a surface gold mine; Soledad-Dipolos mine, located in the State of Sonora, a surface gold mine, and Noche Buena, located in State of Sonora, a surface gold mine.

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