Fresnillo Plc (LON:FRES)‘s stock had its “equal weight” rating reiterated by Barclays PLC in a research note issued to investors on Wednesday. They currently have a GBX 1,500 ($19.37) price target on the stock. Barclays PLC’s price target points to a potential upside of 6.31% from the stock’s current price.
A number of other analysts have also issued reports on FRES. JPMorgan Chase & Co. raised their target price on Fresnillo Plc from GBX 1,600 ($20.66) to GBX 1,650 ($21.30) and gave the company a “neutral” rating in a report on Thursday, January 26th. Numis Securities Ltd lowered Fresnillo Plc to a “hold” rating and set a GBX 1,500 ($19.37) target price on the stock. in a report on Thursday, January 26th. Citigroup Inc raised their target price on Fresnillo Plc from GBX 1,100 ($14.20) to GBX 1,225 ($15.82) and gave the company a “sell” rating in a report on Friday, January 27th. Macquarie reaffirmed a “neutral” rating and issued a GBX 1,300 ($16.79) target price on shares of Fresnillo Plc in a report on Monday, February 6th. Finally, HSBC Holdings plc reaffirmed a “buy” rating and issued a GBX 1,840 ($23.76) target price on shares of Fresnillo Plc in a report on Wednesday, February 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Fresnillo Plc has an average rating of “Hold” and a consensus target price of GBX 1,427.22 ($18.43).
Fresnillo Plc (LON:FRES) traded down 1.63% during trading on Wednesday, reaching GBX 1388.00. The company had a trading volume of 767,487 shares. The company’s market capitalization is GBX 10.23 billion. Fresnillo Plc has a 12 month low of GBX 993.50 and a 12 month high of GBX 2,057.21. The stock has a 50 day moving average of GBX 1,539.34 and a 200-day moving average of GBX 1,436.49.
The company also recently disclosed a dividend, which will be paid on Friday, May 26th. Shareholders of record on Thursday, April 27th will be given a €0.22 ($0.23) dividend. The ex-dividend date is Thursday, April 27th. This represents a dividend yield of 1.17%. This is an increase from Fresnillo Plc’s previous dividend of $0.03.
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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