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.

Analysts Set New Price Targets

FRES has been the topic of a number of research analyst reports. Berenberg Bank restated a "hold" rating and issued a GBX 800 ($9.67) price target on shares of Fresnillo in a research note on Thursday, July 28th. Royal Bank of Canada increased their price target on Fresnillo from GBX 1,175 ($14.20) to GBX 1,225 ($14.80) and gave the company an "outperform" rating in a research note on Tuesday, May 17th. Citigroup dropped their price target on Fresnillo from GBX 620 ($7.49) to GBX 560 ($6.77) and set an "underperform" rating on the stock in a research note on Wednesday, August 3rd. Morgan Stanley restated an "equal weight" rating and issued a GBX 750 ($9.06) price target on shares of Fresnillo in a research note on Thursday, April 14th. Finally, Barclays restated an "equal weight" rating and issued a GBX 770 ($9.30) price target on shares of Fresnillo in a research note on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Fresnillo presently has an average rating of "Hold" and a consensus price target of GBX 969.29 ($11.71).

Fresnillo Stock Performance

FRES Stock traded down GBX 0.60 ($0.01) during trading hours on Friday, hitting GBX 749.80 ($9.06). 516,056 shares of the stock were exchanged, compared to its average volume of 1,084,690. The company has a current ratio of 4.31, a quick ratio of 3.28 and a debt-to-equity ratio of 33.82. The firm has a market capitalization of £5.53 billion and a P/E ratio of 2,777.04. The company has a 50-day simple moving average of GBX 729.07 and a two-hundred day simple moving average of GBX 734.71. Fresnillo has a 12 month low of GBX 610.60 ($7.38) and a 12 month 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. Investors of record on Thursday, August 11th will be given a $0.03 dividend. This represents a dividend yield of 0.38%. The ex-dividend date is Thursday, August 11th. Fresnillo's payout ratio is currently 8,148.15%.