Royal Bank of Canada reiterated their top pick rating on shares of Fresnillo (LON:FRES) in a research report sent to investors on Wednesday, ThisIsMoney.Co.Uk reports.
Several other analysts also recently issued reports on the company. UBS Group reissued a buy rating on shares of Fresnillo in a research note on Monday, February 11th. Goldman Sachs Group lifted their target price on Fresnillo from GBX 1,125 ($14.70) to GBX 1,300 ($16.99) and gave the company a conviction-buy rating in a research note on Friday, February 22nd. JPMorgan Chase & Co. reduced their price objective on Fresnillo from GBX 1,100 ($14.37) to GBX 950 ($12.41) and set a neutral rating on the stock in a research note on Wednesday, April 10th. Numis Securities reaffirmed a buy rating on shares of Fresnillo in a research note on Wednesday, May 1st. Finally, Citigroup reaffirmed a neutral rating and issued a GBX 900 ($11.76) price objective (down previously from GBX 1,000 ($13.07)) on shares of Fresnillo in a research note on Wednesday, March 6th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of GBX 1,043.83 ($13.64).
Shares of FRES opened at GBX 726 ($9.49) on Wednesday. The company has a market cap of $5.37 billion and a P/E ratio of 15.28. Fresnillo has a 12-month low of GBX 712.60 ($9.31) and a 12-month high of GBX 1,364.50 ($17.83). The company has a debt-to-equity ratio of 25.58, a quick ratio of 6.37 and a current ratio of 8.11.
The company also recently disclosed a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 25th will be paid a $0.17 dividend. This is an increase from Fresnillo’s previous dividend of $0.11. The ex-dividend date is Thursday, April 25th. This represents a yield of 1.31%. Fresnillo’s payout ratio is presently 0.44%.
Fresnillo Plc mines, develops, and produces non-ferrous minerals in Mexico. It primarily explores for silver, gold, lead, and zinc concentrates. The company's operating mines include the Fresnillo, Saucito, Ciénega, Herradura, Soledad-Dipolos, Noche Buena, and San Julián; development projects comprise the Pyrites Plant, and second line of the DLP at Herradura; and advanced exploration projects consist of the Juanicipio, Las Casas, Cebollitas Cluster, Centauro Deep, Centauro Pit Expansion as part of Herradura, and Orisyvo.
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