Fresnillo (LON:FRES) Earns “Conviction-Buy” Rating from Goldman Sachs Group

Goldman Sachs Group reissued their conviction-buy rating on shares of Fresnillo (LON:FRES) in a research note published on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other equities analysts have also recently issued reports on FRES. UBS Group dropped their price objective on Fresnillo from GBX 800 ($10.45) to GBX 700 ($9.15) and set a neutral rating for the company in a report on Thursday, August 8th. Barclays lowered their target price on Fresnillo from GBX 900 ($11.76) to GBX 760 ($9.93) and set an equal weight rating for the company in a report on Thursday, July 18th. Numis Securities reiterated a buy rating on shares of Fresnillo in a report on Monday, June 3rd. Royal Bank of Canada cut Fresnillo to a sector performer rating and lowered their target price for the stock from GBX 1,150 ($15.03) to GBX 650 ($8.49) in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. upped their target price on Fresnillo from GBX 950 ($12.41) to GBX 1,000 ($13.07) and gave the stock a neutral rating in a report on Friday, July 5th. Eight research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Fresnillo has a consensus rating of Hold and an average target price of GBX 918.73 ($12.00).

FRES opened at GBX 671.20 ($8.77) on Tuesday. The business has a fifty day moving average of GBX 781.40 and a 200 day moving average of GBX 817.51. Fresnillo has a 52-week low of GBX 570 ($7.45) and a 52-week high of GBX 1,028 ($13.43). The company has a quick ratio of 5.37, a current ratio of 7.40 and a debt-to-equity ratio of 26.08. The stock has a market cap of $4.95 billion and a P/E ratio of 26.02.

The company also recently announced a dividend, which will be paid on Friday, September 6th. Shareholders of record on Thursday, August 8th will be issued a $0.03 dividend. This represents a dividend yield of 0.29%. The ex-dividend date is Thursday, August 8th. Fresnillo’s dividend payout ratio is 0.58%.

In other news, insider Charles Jacobs bought 1,600 shares of the stock in a transaction on Wednesday, July 31st. The stock was acquired at an average cost of GBX 626 ($8.18) per share, for a total transaction of £10,016 ($13,087.68).

About Fresnillo

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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