Fresnillo Plc (FRES) Price Target Lowered to GBX 1,120 at Deutsche Bank AG

Fresnillo Plc (LON:FRES) had its price objective reduced by Deutsche Bank AG from GBX 1,150 ($14.20) to GBX 1,120 ($13.83) in a report issued on Friday. Deutsche Bank AG currently has a hold rating on the stock.

Several other equities analysts have also weighed in on FRES. Goldman Sachs Group Inc reiterated a sell rating and set a GBX 1,050 ($12.97) price objective on shares of Fresnillo Plc in a report on Thursday. HSBC Holdings plc reiterated a buy rating and set a GBX 1,840 ($22.72) price objective on shares of Fresnillo Plc in a report on Wednesday, February 8th. Macquarie reiterated a neutral rating and set a GBX 1,300 ($16.06) price objective on shares of Fresnillo Plc in a report on Monday, February 6th. Citigroup Inc upped their price objective on shares of Fresnillo Plc from GBX 1,100 ($13.59) to GBX 1,225 ($15.13) and gave the company a sell rating in a report on Friday, January 27th. Finally, Numis Securities Ltd lowered shares of Fresnillo Plc to a hold rating and set a GBX 1,500 ($18.53) price objective on the stock. in a report on Thursday, January 26th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of GBX 1,345.50 ($16.62).

Analyst Recommendations for Fresnillo Plc (LON:FRES)

Fresnillo Plc (LON:FRES) traded up 1.13% during trading on Friday, reaching GBX 1528.00. The company had a trading volume of 714,800 shares. The company’s market capitalization is GBX 11.26 billion. The company has a 50-day moving average price of GBX 1,473.35 and a 200 day moving average price of GBX 1,473.85. Fresnillo Plc has a one year low of GBX 892.00 and a one year high of GBX 2,057.21.

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The firm also recently announced a dividend, which will be paid on Friday, May 26th. Investors of record on Thursday, April 27th will be issued a GBX 0.22 ($0.00) dividend. This represents a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, April 27th. This is a positive change from Fresnillo Plc’s previous dividend of $0.03.

Fresnillo Plc Company Profile

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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