Ferrexpo Plc (LON:FXPO) declared a dividend on Thursday, December 6th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, December 13th will be paid a dividend of $0.07 per share by the iron ore producer on Monday, January 14th. This represents a dividend yield of 2.82%. The ex-dividend date is Thursday, December 13th. This is a positive change from Ferrexpo’s previous dividend of $0.03. The official announcement can be accessed at this link.
Shares of LON FXPO traded down GBX 1.35 ($0.02) during mid-day trading on Thursday, hitting GBX 182.60 ($2.39). The company had a trading volume of 2,691,213 shares, compared to its average volume of 2,650,000. Ferrexpo has a 1 year low of GBX 136.88 ($1.79) and a 1 year high of GBX 326.60 ($4.27).
FXPO has been the subject of several recent analyst reports. Deutsche Bank restated a “hold” rating on shares of Ferrexpo in a research report on Friday, August 10th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Ferrexpo in a research report on Monday, September 10th. Citigroup restated a “buy” rating and set a GBX 280 ($3.66) target price on shares of Ferrexpo in a research report on Tuesday, September 25th. Barclays upgraded Ferrexpo to an “overweight” rating and boosted their target price for the stock from GBX 140 ($1.83) to GBX 300 ($3.92) in a research report on Thursday, October 4th. Finally, Credit Suisse Group upgraded Ferrexpo to an “outperform” rating and boosted their target price for the stock from GBX 210 ($2.74) to GBX 310 ($4.05) in a research report on Monday, November 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Ferrexpo presently has a consensus rating of “Buy” and an average price target of GBX 247.88 ($3.24).
Ferrexpo Company Profile
Ferrexpo plc mines for, develops, processes, produces, markets, exports, and sells iron ore pellets to the metallurgical industry worldwide. The company operates two open-pit mines and a processing plant near Kremenchug in Ukraine; a port in Odessa; a fleet of vessels operating on the Rhine and Danube waterways; and an ocean going vessel on international sea routes.
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