Fresnillo (FRES) Coverage Initiated at Panmure Gordon

Panmure Gordon started coverage on shares of Fresnillo (LON:FRES) in a research report report published on Tuesday morning, ThisIsMoney.Co.Uk reports. The firm issued a hold rating and a GBX 811 ($10.60) target price on the stock.

FRES has been the subject of a number of other research reports. UBS Group reiterated a buy rating on shares of Fresnillo in a research report on Monday, February 25th. Royal Bank of Canada reiterated a top pick rating on shares of Fresnillo in a research report on Friday, February 1st. JPMorgan Chase & Co. cut their target price on shares of Fresnillo from GBX 1,100 ($14.37) to GBX 950 ($12.41) and set a neutral rating for the company in a research report on Wednesday, April 10th. Goldman Sachs Group cut their target price on shares of Fresnillo from GBX 1,250 ($16.33) to GBX 1,200 ($15.68) and set a conviction-buy rating for the company in a research report on Wednesday, April 10th. Finally, Barclays reiterated an equal weight rating on shares of Fresnillo in a research report on Monday, February 25th. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of Buy and an average price target of GBX 1,043.83 ($13.64).

Shares of LON:FRES opened at GBX 727.40 ($9.50) on Tuesday. The company has a debt-to-equity ratio of 25.58, a current ratio of 8.11 and a quick ratio of 6.37. The stock has a market cap of $5.35 billion and a price-to-earnings ratio of 15.31. Fresnillo has a twelve month low of GBX 720 ($9.41) and a twelve month high of GBX 1,364.50 ($17.83).

The company also recently disclosed a dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, April 25th will be given a $0.17 dividend. This is a positive change from Fresnillo’s previous dividend of $0.11. This represents a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, April 25th. Fresnillo’s dividend payout ratio (DPR) is 0.44%.

Fresnillo Company Profile

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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Analyst Recommendations for Fresnillo (LON:FRES)

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