Fresnillo - FRES Share Forecast, Price & News

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 Other. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include 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; and San Julián silver-gold mine situated on the border of Chihuahua/Durango states. The company has mining concessions covering an area of approximately 1.7 million hectares of surface land in Mexico. It also leases mining equipment; produces gold/silver doré bars; and provides administrative services. The company was founded in 1887 and is headquartered in Mexico City, Mexico. Fresnillo plc is a subsidiary of Industrias Peñoles S.A.B. de C.V.

Fresnillo Stock Performance

Shares of LON:FRES traded down GBX 9.40 ($0.11) during trading on Wednesday, reaching GBX 713.40 ($8.62). 517,315 shares of the company traded hands, compared to its average volume of 1,073,331. The firm has a 50 day simple moving average of GBX 726.87 and a 200-day simple moving average of GBX 735.56. The company has a quick ratio of 3.28, a current ratio of 4.31 and a debt-to-equity ratio of 33.82. The stock has a market capitalization of £5.26 billion and a PE ratio of 2,655.56. Fresnillo has a 52-week low of GBX 610.60 ($7.38) and a 52-week high of GBX 997.60 ($12.05).

Fresnillo Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, September 14th. Stockholders of record on Thursday, August 11th will be issued a dividend of $0.03 per share. This represents a dividend yield of 0.38%. The ex-dividend date of this dividend is Thursday, August 11th. Fresnillo's payout ratio is presently 125.71%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of Fresnillo from GBX 1,175 ($14.20) to GBX 1,225 ($14.80) and gave the stock an "outperform" rating in a research report on Tuesday, May 17th. Barclays reissued an "equal weight" rating and set a GBX 770 ($9.30) price objective on shares of Fresnillo in a research report on Wednesday, August 3rd. Citigroup cut their price objective on shares of Fresnillo from GBX 620 ($7.49) to GBX 560 ($6.77) and set an "underperform" rating on the stock in a research report on Wednesday, August 3rd. Finally, Berenberg Bank reissued a "hold" rating and set a GBX 800 ($9.67) price objective on shares of Fresnillo in a research report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Fresnillo presently has an average rating of "Hold" and an average price target of GBX 969.29 ($11.71).