Canaccord Genuity Group Boosts Fresnillo (LON:FRES) Price Target to GBX 980

Fresnillo (LON:FRES) had its price target raised by Canaccord Genuity Group from GBX 805 ($10.74) to GBX 980 ($13.07) in a report issued on Thursday, Marketbeat Ratings reports. The firm currently has a hold rating on the stock.

Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 880 ($11.74) price target on shares of Fresnillo in a report on Thursday, March 13th. Berenberg Bank upgraded shares of Fresnillo to a “buy” rating and boosted their target price for the stock from GBX 840 ($11.20) to GBX 1,020 ($13.61) in a research note on Thursday, March 6th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 919 ($12.26).

Fresnillo Stock Performance

Shares of FRES opened at GBX 996.69 ($13.29) on Thursday. Fresnillo has a 1 year low of GBX 497 ($6.63) and a 1 year high of GBX 1,093 ($14.58). The stock has a market capitalization of £9.21 billion, a PE ratio of 37.15, a PEG ratio of -1.58 and a beta of 0.15. The company has a debt-to-equity ratio of 23.55, a quick ratio of 3.28 and a current ratio of 5.88. The stock has a 50-day simple moving average of GBX 894.84 and a 200-day simple moving average of GBX 754.16.

Fresnillo Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, April 17th will be given a dividend of $0.68 per share. This represents a dividend yield of 5.49%. The ex-dividend date is Thursday, April 17th. This is an increase from Fresnillo’s previous dividend of $0.06. Fresnillo’s payout ratio is currently 29.82%.

About Fresnillo

Fresnillo plc is the world’s largest silver producer and Mexico’s largest gold producer, listed on the London and Mexican stock exchanges.
The Group seeks to create value for stakeholders across precious metal cycles, focusing on high-potential silver and gold projects that can be developed into low cost, world-class mines.
Following a decade of consistent and successful progress, the Group is now focused on consolidating its growth and advancing its pipeline in order to deliver further growth in the years ahead.