Fresnillo (LON:FRES) PT Raised to GBX 800

Fresnillo (LON:FRES) had its price target hoisted by JPMorgan Chase & Co. from GBX 750 ($9.58) to GBX 800 ($10.22) in a report published on Tuesday morning, Marketbeat Ratings reports. They currently have an overweight rating on the stock.

A number of other brokerages also recently commented on FRES. Barclays lowered their price objective on Fresnillo from GBX 630 ($8.05) to GBX 615 ($7.85) and set an equal weight rating for the company in a research report on Tuesday, May 7th. Berenberg Bank boosted their price target on Fresnillo from GBX 480 ($6.13) to GBX 570 ($7.28) and gave the company a hold rating in a research report on Thursday, April 25th.

Fresnillo Price Performance

Shares of LON:FRES opened at GBX 619.50 ($7.91) on Tuesday. The company has a market cap of £4.57 billion, a P/E ratio of 2,478.00, a P/E/G ratio of -1.58 and a beta of 0.22. The company has a quick ratio of 3.28, a current ratio of 4.14 and a debt-to-equity ratio of 23.33. Fresnillo has a 52 week low of GBX 435.20 ($5.56) and a 52 week high of GBX 697.60 ($8.91). The business has a fifty day simple moving average of GBX 569.73 and a 200-day simple moving average of GBX 537.41.

Fresnillo Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, May 29th. Stockholders of record on Thursday, April 18th were given a $0.04 dividend. This is an increase from Fresnillo’s previous dividend of $0.01. The ex-dividend date of this dividend was Thursday, April 18th. This represents a dividend yield of 0.69%. Fresnillo’s dividend payout ratio is presently 2,000.00%.

Fresnillo Company Profile

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Juanicipio. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include the Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; San Julián silver-gold mine situated on the border of Chihuahua/Durango states; and Juanicipio mine located in the state of Zacatecas.