Fresnillo (FRES) Now Covered by Panmure Gordon

Panmure Gordon began coverage on shares of Fresnillo (LON:FRES) in a research report sent to investors on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage issued a hold rating and a GBX 811 ($10.60) target price on the stock.

Several other equities analysts have also commented on the company. UBS Group reissued a buy rating on shares of Fresnillo in a report on Monday, February 11th. Royal Bank of Canada reissued a top pick rating and issued a GBX 1,200 ($15.68) target price on shares of Fresnillo in a report on Thursday, April 18th. Goldman Sachs Group increased their target price on Fresnillo from GBX 1,125 ($14.70) to GBX 1,300 ($16.99) and gave the company a conviction-buy rating in a report on Friday, February 22nd. JPMorgan Chase & Co. dropped their target price on Fresnillo from GBX 1,100 ($14.37) to GBX 950 ($12.41) and set a neutral rating on the stock in a report on Wednesday, April 10th. Finally, Numis Securities reissued a buy rating on shares of Fresnillo in a report on Wednesday, May 1st. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Fresnillo presently has an average rating of Buy and an average price target of GBX 1,043.83 ($13.64).

LON:FRES opened at GBX 731 ($9.55) on Tuesday. The firm has a market capitalization of $5.39 billion and a P/E ratio of 15.39. The company has a debt-to-equity ratio of 25.58, a quick ratio of 6.37 and a current ratio of 8.11. Fresnillo has a 12 month low of GBX 720 ($9.41) and a 12 month high of GBX 1,364.50 ($17.83).

The business also recently disclosed a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 25th will be paid a $0.17 dividend. This represents a yield of 1.31%. The ex-dividend date is Thursday, April 25th. This is an increase from Fresnillo’s previous dividend of $0.11. Fresnillo’s dividend payout ratio is currently 0.44%.

About Fresnillo

Fresnillo Plc mines, develops, and produces non-ferrous minerals in Mexico. It primarily explores for silver, gold, lead, and zinc concentrates. The company's operating mines include the Fresnillo, Saucito, Ciénega, Herradura, Soledad-Dipolos, Noche Buena, and San Julián; development projects comprise the Pyrites Plant, and second line of the DLP at Herradura; and advanced exploration projects consist of the Juanicipio, Las Casas, Cebollitas Cluster, Centauro Deep, Centauro Pit Expansion as part of Herradura, and Orisyvo.

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Analyst Recommendations for Fresnillo (LON:FRES)

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