Fresnillo Plc (LON:FRES) had its target price lowered by Barclays PLC from GBX 1,500 ($19.53) to GBX 1,350 ($17.58) in a report released on Friday, July 14th. The firm currently has an equal weight rating on the stock.
Several other analysts have also recently weighed in on FRES. J P Morgan Chase & Co reaffirmed a neutral rating and set a GBX 1,650 ($21.49) price objective on shares of Fresnillo Plc in a research report on Thursday, April 27th. Goldman Sachs Group, Inc. (The) lifted their price objective on Fresnillo Plc from GBX 1,050 ($13.67) to GBX 1,100 ($14.32) and gave the company a sell rating in a research report on Monday, April 24th. Deutsche Bank AG cut their price objective on Fresnillo Plc from GBX 1,150 ($14.98) to GBX 1,120 ($14.59) and set a hold rating on the stock in a research report on Friday, March 17th. Macquarie lifted their price objective on Fresnillo Plc from GBX 1,300 ($16.93) to GBX 1,800 ($23.44) and gave the company a neutral rating in a research report on Thursday, June 8th. Finally, HSBC Holdings plc cut Fresnillo Plc to a hold rating and dropped their price target for the stock from GBX 1,830 ($23.83) to GBX 1,760 ($22.92) in a research report on Monday, June 12th. Two investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Fresnillo Plc presently has a consensus rating of Hold and a consensus target price of GBX 1,443.18 ($18.79).
Shares of Fresnillo Plc (LON FRES) traded down 0.13% during mid-day trading on Friday, hitting GBX 1551.00. The stock had a trading volume of 861,248 shares. The company’s market capitalization is GBX 11.43 billion. The stock’s 50-day moving average price is GBX 1,504.93 and its 200 day moving average price is GBX 1,520.77. Fresnillo Plc has a 1-year low of GBX 1,052.00 and a 1-year high of GBX 2,035.15.
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The business also recently announced a dividend, which will be paid on Friday, September 8th. Shareholders of record on Thursday, August 10th will be paid a dividend of $0.11 per share. The ex-dividend date is Thursday, August 10th. This represents a yield of 0.53%.
About Fresnillo Plc
Fresnillo plc is a holding company. Through its subsidiaries, the Company is engaged in the mining and beneficiation of non-ferrous minerals, and the sale of related production. The primary contents of this production include silver, gold, lead and zinc. The Company has six operating mines: Fresnillo, located in the State of Zacatecas, which is primary silver mine; Saucito, located in the State of Zacatecas, an underground silver mine; Cienega, located in the State of Durango, an underground gold mine, including the San Ramon satellite mine; Herradura, located in the State of Sonora, a surface gold mine; Soledad-Dipolos mine, located in the State of Sonora, a surface gold mine, and Noche Buena, located in State of Sonora, a surface gold mine.
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