Fresnillo (LON:FRES) Price Target Raised to GBX 610 at Berenberg Bank

Fresnillo (LON:FRES) had its target price boosted by Berenberg Bank from GBX 560 ($7.20) to GBX 610 ($7.85) in a research report sent to investors on Wednesday morning, MarketBeat.com reports. The brokerage currently has a hold rating on the stock.

FRES has been the topic of several other research reports. Barclays cut their price target on Fresnillo from GBX 630 ($8.10) to GBX 615 ($7.91) and set an equal weight rating on the stock in a research note on Tuesday, May 7th. JPMorgan Chase & Co. increased their target price on Fresnillo from GBX 750 ($9.65) to GBX 800 ($10.29) and gave the stock an overweight rating in a research note on Tuesday, May 28th.

Fresnillo Trading Down 3.1 %

LON:FRES opened at GBX 573 ($7.37) on Wednesday. The firm has a market capitalization of £4.22 billion, a P/E ratio of 2,292.00, a PEG ratio of -1.58 and a beta of 0.22. The company has a debt-to-equity ratio of 23.33, a current ratio of 4.14 and a quick ratio of 3.28. Fresnillo has a one year low of GBX 435.20 ($5.60) and a one year high of GBX 647.50 ($8.33). The company’s 50-day simple moving average is GBX 583.51 and its 200 day simple moving average is GBX 543.05.

Fresnillo Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, September 17th. Investors of record on Thursday, August 8th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, August 8th. This represents a dividend yield of 0.87%. This is an increase from Fresnillo’s previous dividend of $0.04. Fresnillo’s dividend payout ratio (DPR) is 2,000.00%.

Fresnillo Company Profile

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Juanicipio. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include the Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; San Julián silver-gold mine situated on the border of Chihuahua/Durango states; and Juanicipio mine located in the state of Zacatecas.