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 opened at GBX 749.80 ($9.06) on Monday. The stock has a market capitalization of £5.53 billion and a P/E ratio of 2,777.04. Fresnillo has a 1-year low of GBX 610.60 ($7.38) and a 1-year high of GBX 997.60 ($12.05). 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 business has a 50-day moving average price of GBX 728.69 and a two-hundred day moving average price of GBX 734.20.

Fresnillo Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, September 14th. Stockholders of record on Thursday, August 11th will be paid 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 dividend payout ratio is currently 125.71%.

Wall Street Analyst Weigh In

FRES has been the subject of several analyst reports. Royal Bank of Canada increased their price target on shares of 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. Barclays reissued an "equal weight" rating and set a GBX 770 ($9.30) price objective on shares of Fresnillo in a 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 for the company in a research report on Wednesday, August 3rd. Finally, Berenberg Bank reaffirmed a "hold" rating and set a GBX 800 ($9.67) price target 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, Fresnillo currently has an average rating of "Hold" and a consensus target price of GBX 969.29 ($11.71).