Fresnillo (LON:FRES) Price Target Raised to GBX 1,320

Fresnillo (LON:FRES) had its target price increased by Berenberg Bank from GBX 1,310 ($17.47) to GBX 1,320 ($17.61) in a research report sent to investors on Wednesday, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Several other research analysts have also recently issued reports on FRES. Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 880 ($11.74) price objective on shares of Fresnillo in a report on Thursday, March 13th. Canaccord Genuity Group upped their price objective on Fresnillo from GBX 805 ($10.74) to GBX 980 ($13.07) and gave the company a “hold” rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Fresnillo has a consensus rating of “Hold” and a consensus target price of GBX 919 ($12.26).

Fresnillo Price Performance

Shares of LON FRES opened at GBX 990.62 ($13.21) on Wednesday. The firm’s 50-day simple moving average is GBX 894.84 and its 200 day simple moving average is GBX 754.16. The stock has a market cap of £9.15 billion, a P/E ratio of 36.92, a P/E/G ratio of -1.58 and a beta of 0.15. The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 23.55. Fresnillo has a fifty-two week low of GBX 497 ($6.63) and a fifty-two week high of GBX 1,093 ($14.58).

Fresnillo Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, April 17th will be paid a $0.68 dividend. The ex-dividend date is Thursday, April 17th. This represents a yield of 5.49%. This is a boost from Fresnillo’s previous dividend of $0.06. Fresnillo’s dividend payout ratio (DPR) is currently 29.82%.

Fresnillo Company Profile

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.