Fresnillo (LON:FRES) Price Target Increased to GBX 570 by Analysts at Berenberg Bank

Fresnillo (LON:FRES) had its target price increased by Berenberg Bank from GBX 480 ($5.93) to GBX 570 ($7.04) in a research report report published on Thursday, Digital Look reports. The brokerage currently has a hold rating on the stock.

Fresnillo Stock Performance

LON:FRES opened at GBX 589.35 ($7.28) on Thursday. Fresnillo has a 52 week low of GBX 435.20 ($5.38) and a 52 week high of GBX 739.26 ($9.13). The company has a fifty day simple moving average of GBX 504.52 and a two-hundred day simple moving average of GBX 528.61. The company has a quick ratio of 3.28, a current ratio of 4.14 and a debt-to-equity ratio of 23.33. The company has a market cap of £4.34 billion, a price-to-earnings ratio of 2,364.00, a price-to-earnings-growth ratio of -1.58 and a beta of 0.26.

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 given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, April 18th. This is an increase from Fresnillo’s previous dividend of $0.01. This represents a dividend yield of 0.69%. Fresnillo’s payout ratio is currently 1,600.00%.

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.