Fresnillo (LON:FRES – Free Report) had its target price cut by Barclays from GBX 630 ($7.91) to GBX 615 ($7.73) in a research report sent to investors on Tuesday, Marketbeat.com reports. They currently have an equal weight rating on the stock.
Separately, Berenberg Bank boosted their price target on Fresnillo from GBX 480 ($6.03) to GBX 570 ($7.16) and gave the company a hold rating in a research note on Thursday, April 25th.
Check Out Our Latest Report on FRES
Fresnillo Stock Down 1.1 %
Fresnillo Increases Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Thursday, April 18th will be issued a $0.04 dividend. This represents a dividend yield of 0.69%. The ex-dividend date is Thursday, April 18th. This is a boost from Fresnillo’s previous dividend of $0.01. Fresnillo’s payout ratio is 2,000.00%.
About Fresnillo
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.
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