Ferrexpo Plc (FXPO) Announces Dividend of $0.03

Ferrexpo Plc (LON:FXPO) announced a dividend on Thursday, August 3rd, Upcoming.Co.Uk reports. Investors of record on Thursday, August 10th will be paid a dividend of $0.03 per share by the iron ore producer on Friday, September 8th. This represents a yield of 0.95%. The ex-dividend date is Thursday, August 10th. The official announcement can be seen at this link.

Ferrexpo Plc (FXPO) traded up 1.66% during mid-day trading on Friday, reaching GBX 274.90. 1,849,788 shares of the company’s stock traded hands. The company’s market capitalization is GBX 1.61 billion. Ferrexpo Plc has a 52-week low of GBX 61.00 and a 52-week high of GBX 279.20. The company has a 50-day moving average of GBX 232.38 and a 200-day moving average of GBX 183.15.

FXPO has been the subject of a number of research reports. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 180 ($2.34) price objective on shares of Ferrexpo Plc in a report on Monday, July 10th. Deutsche Bank AG dropped their price objective on shares of Ferrexpo Plc from GBX 280 ($3.63) to GBX 270 ($3.51) and set a “buy” rating for the company in a report on Thursday, June 22nd. Credit Suisse Group raised their price objective on shares of Ferrexpo Plc from GBX 200 ($2.60) to GBX 250 ($3.25) and gave the stock a “neutral” rating in a research report on Tuesday, August 8th. HSBC Holdings plc reiterated a “buy” rating and issued a GBX 230 ($2.99) target price on shares of Ferrexpo Plc in a report on Friday, July 14th. Finally, Liberum Capital restated a “sell” rating and set a GBX 70 ($0.91) price objective on shares of Ferrexpo Plc in a research note on Thursday, August 3rd. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 150.63 ($1.96).

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In related news, insider Christopher Mawe bought 481 shares of Ferrexpo Plc stock in a transaction on Wednesday, May 31st. The stock was acquired at an average price of GBX 173 ($2.25) per share, with a total value of £832.13 ($1,080.27).

Ferrexpo Plc Company Profile

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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