Fresnillo’s (FRES) “Outperform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of Fresnillo (LON:FRESGet Rating) in a research note issued to investors on Monday, MarketBeat Ratings reports. They currently have a GBX 1,175 ($14.68) price target on the stock.

FRES has been the topic of several other research reports. Berenberg Bank reaffirmed a hold rating and set a GBX 800 ($9.99) target price on shares of Fresnillo in a research note on Tuesday, April 26th. Citigroup reaffirmed a buy rating and set a GBX 1,100 ($13.74) target price on shares of Fresnillo in a research note on Wednesday, March 9th. Morgan Stanley reissued an equal weight rating and set a GBX 750 ($9.37) price target on shares of Fresnillo in a research report on Thursday, April 14th. Finally, Barclays reissued an equal weight rating and set a GBX 860 ($10.74) price target on shares of Fresnillo in a research report on Monday, February 28th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Fresnillo currently has an average rating of Buy and a consensus target price of GBX 1,045.63 ($13.06).

Shares of FRES opened at GBX 766.60 ($9.58) on Monday. Fresnillo has a 52-week low of GBX 610.60 ($7.63) and a 52-week high of GBX 997.60 ($12.46). The company has a quick ratio of 3.49, a current ratio of 4.45 and a debt-to-equity ratio of 33.56. The firm’s fifty day moving average is GBX 751.18 and its two-hundred day moving average is GBX 806.71. The stock has a market cap of £5.65 billion and a PE ratio of 17.19.

The business also recently disclosed a dividend, which will be paid on Friday, May 27th. Investors of record on Thursday, April 28th will be issued a $0.24 dividend. This is a positive change from Fresnillo’s previous dividend of $0.10. This represents a yield of 2.47%. The ex-dividend date of this dividend is Thursday, April 28th. Fresnillo’s payout ratio is 0.74%.

Fresnillo Company Profile (Get Rating)

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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