Fresnillo (FRES)

Up
Share Price:
875.60p
Market Cap:
£6,452m
Change Today:
20.60p
Sector:
Mining

Fresnillo dividend jumps as earnings rise

By Sean Farrell

Date: Tuesday 03 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Fresnillo announced a jump in its interim dividend as the precious metals miner reported earnings up 59% in the first half supported by higher prices.
Earnings before interest, tax, depreciation and amortisation rose to $747m in the six months to the end of June from $470m a year earlier as revenue increased 39% to $1.47bn.

Fresnillo increased its interim dividend to 9.9 cents a share from 2.3 cents a year earlier. The total payout rose to $73m from $16.9m.

The company said its results were helped by higher metal prices and to a lesser extent more sales. The average realised silver price rose 57.3% from a year earlier to $26.4 per ounce and the average gold price increased 6.7% to $1,789.2 per ounce.

Octavio Alvídrez, Fresnillo's chief executive, said: "I am pleased to report a strong financial result in the first half. The combination of improved production performance and higher precious metals prices has seen a sharp increase in profitability during the period. This in turn, has enabled us to declare a dividend of $73m to shareholders, while continuing to invest in both our development and exploration projects."



Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Fresnillo Market Data

Currency UK Pounds
Price 875.60p
Change Today 20.60p
52 Week High 1,310.00p
52 Week Low 745.20p
Volume 118,488
Shares Issued 736.89m
Market Cap £6,452m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
PEG
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
EPS Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 9
Sell 0
Strong Sell 0
Total 14
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.