Analysts Set Fresnillo plc (LON:FRES) Target Price at GBX 1,069.17

Fresnillo plc (LON:FRES) has been given a consensus recommendation of “Hold” by the six research firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 1,069.17 ($13.97).

A number of equities analysts have issued reports on the company. Royal Bank of Canada increased their price target on Fresnillo from GBX 975 ($12.74) to GBX 1,025 ($13.39) and gave the company an “outperform” rating in a research note on Monday, August 2nd. Barclays upped their price target on shares of Fresnillo from GBX 800 ($10.45) to GBX 900 ($11.76) and gave the company an “equal weight” rating in a research note on Monday, September 6th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,000 ($13.07) price target on shares of Fresnillo in a research note on Wednesday, July 28th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Fresnillo from GBX 1,050 ($13.72) to GBX 1,000 ($13.07) and set a “neutral” rating on the stock in a research report on Monday, August 2nd.

FRES stock traded down GBX 22.20 ($0.29) during midday trading on Thursday, hitting GBX 769.80 ($10.06). 841,675 shares of the stock were exchanged, compared to its average volume of 1,324,695. Fresnillo has a fifty-two week low of GBX 742.60 ($9.70) and a fifty-two week high of GBX 1,369.11 ($17.89). The stock has a market cap of £5.67 billion and a price-to-earnings ratio of 12.72. The stock’s 50-day moving average price is GBX 814.47 and its 200-day moving average price is GBX 1,488.03. The company has a debt-to-equity ratio of 33.51, a quick ratio of 3.97 and a current ratio of 4.98.

The firm also recently declared a dividend, which was paid on Wednesday, September 15th. Investors of record on Thursday, August 12th were paid a $0.10 dividend. This represents a dividend yield of 0.87%. The ex-dividend date was Thursday, August 12th. Fresnillo’s dividend payout ratio (DPR) is 0.42%.

Fresnillo Company Profile

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. The company primarily explores for silver, gold, lead, and zinc concentrates. Its flagship project is Fresnillo silver mine located in the state of Zacatecas. The company has mining concessions covering an area of approximately 1.7 million hectares of surface land in Mexico.

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Analyst Recommendations for Fresnillo (LON:FRES)

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