Ferrexpo Plc Announces Dividend of $0.03 (FXPO)
Ferrexpo Plc (LON:FXPO) announced a dividend on Thursday, December 7th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, December 14th will be given a dividend of $0.03 per share by the iron ore producer on Monday, January 15th. This represents a yield of 0.97%. The ex-dividend date of this dividend is Thursday, December 14th. The official announcement can be seen at this link.
Ferrexpo (LON FXPO) traded up GBX 0.30 ($0.00) during midday trading on Wednesday, reaching GBX 262 ($3.53). 1,788,274 shares of the company’s stock were exchanged, compared to its average volume of 2,110,000. Ferrexpo has a 1 year low of GBX 122.97 ($1.66) and a 1 year high of GBX 326.60 ($4.40).
A number of research firms have issued reports on FXPO. J P Morgan Chase & Co reduced their target price on shares of Ferrexpo from GBX 190 ($2.56) to GBX 175 ($2.36) and set a “neutral” rating for the company in a research note on Friday, October 6th. Deutsche Bank lowered shares of Ferrexpo to a “hold” rating and lifted their price target for the company from GBX 270 ($3.63) to GBX 280 ($3.77) in a research report on Friday, October 6th. Barclays lifted their price target on shares of Ferrexpo from GBX 130 ($1.75) to GBX 215 ($2.89) and gave the company an “underweight” rating in a research report on Tuesday, October 24th. Finally, Liberum Capital reissued a “sell” rating and issued a GBX 130 ($1.75) price target on shares of Ferrexpo in a research report on Monday, October 30th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 212.50 ($2.86).
Ferrexpo plc is an iron ore pellet producer. The Company produces, develops and markets its principal product, iron ore pellets, for sale to the metallurgical industry. The Company’s operations are vertically integrated from iron ore mining through to iron ore concentrate, and pellet production and subsequent logistics.
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