Fresnillo plc (LON:FRES) Receives Average Recommendation of “Hold” from Brokerages

Shares of Fresnillo plc (LON:FRES – Get Rating) have been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 751.43 ($9.41).

Several research analysts recently weighed in on FRES shares. Peel Hunt restated a “hold” rating and set a GBX 800 ($10.02) price target on shares of Fresnillo in a report on Tuesday, March 7th. JPMorgan Chase & Co. lowered their target price on Fresnillo from GBX 700 ($8.77) to GBX 650 ($8.14) and set a “neutral” rating on the stock in a research note on Wednesday, March 8th. UBS Group downgraded shares of Fresnillo to a “sell” rating and cut their price target for the stock from GBX 900 ($11.27) to GBX 850 ($10.65) in a report on Thursday, January 19th. Barclays lowered their price objective on shares of Fresnillo from GBX 950 ($11.90) to GBX 800 ($10.02) and set an “equal weight” rating on the stock in a research report on Thursday, January 26th. Finally, Royal Bank of Canada decreased their price target on shares of Fresnillo from GBX 920 ($11.52) to GBX 800 ($10.02) and set a “sector perform” rating for the company in a research note on Wednesday, February 1st.

Fresnillo Stock Down 0.1 %

Fresnillo stock opened at GBX 680.20 ($8.52) on Tuesday. The company has a current ratio of 2.82, a quick ratio of 3.28 and a debt-to-equity ratio of 32.64. The firm’s fifty day moving average price is GBX 739.67 and its two-hundred day moving average price is GBX 811.30. The firm has a market capitalization of £5.01 billion, a price-to-earnings ratio of 2,345.52, a price-to-earnings-growth ratio of -1.58 and a beta of 0.18. Fresnillo has a 1-year low of GBX 637.20 ($7.98) and a 1-year high of GBX 996.80 ($12.49).

Fresnillo Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 26th. Investors of record on Thursday, April 27th will be given a $0.13 dividend. This represents a yield of 1.45%. The ex-dividend date of this dividend is Thursday, April 27th. This is a boost from Fresnillo’s previous dividend of $0.03. Fresnillo’s dividend payout ratio (DPR) is presently 4,482.76%.

About Fresnillo

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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 Other. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include 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; and San Julián silver-gold mine situated on the border of Chihuahua/Durango states.