Fresnillo (FRES) Rating Reiterated by Goldman Sachs

Goldman Sachs reaffirmed their conviction-buy rating on shares of Fresnillo (LON:FRES) in a report issued on Friday.

Other equities analysts have also issued research reports about the company. Numis Securities lowered their price objective on Fresnillo from GBX 1,500 ($21.20) to GBX 1,400 ($19.79) and set a hold rating for the company in a research report on Friday, December 15th. JPMorgan Chase reissued a neutral rating and set a GBX 1,500 ($21.20) price objective on shares of Fresnillo in a research report on Tuesday, March 20th. Citigroup reissued a neutral rating and set a GBX 1,395 ($19.72) price objective on shares of Fresnillo in a research report on Wednesday, February 28th. Finally, Barclays lowered their price objective on Fresnillo from GBX 1,350 ($19.08) to GBX 1,340 ($18.94) and set an equal weight rating for the company in a research report on Monday, January 8th. Seven investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 1,489 ($21.05).

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FRES opened at GBX 1,221.50 ($17.27) on Friday. Fresnillo has a 1 year low of GBX 1,174 ($16.59) and a 1 year high of GBX 1,746 ($24.68).

The business also recently declared a dividend, which will be paid on Monday, June 4th. Stockholders of record on Thursday, April 26th will be given a $0.30 dividend. This represents a dividend yield of 1.82%. The ex-dividend date is Thursday, April 26th. This is a positive change from Fresnillo’s previous dividend of $0.11.

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About Fresnillo

Fresnillo plc mines, develops, and produces non-ferrous minerals primarily in Mexico. It primarily explores for silver, gold, lead, and zinc ores. The company's primary operating mines include Fresnillo, Saucito, Ciénega, Herradura, Soledad-Dipolos, Noche Buena, and San Julián; development projects comprise San Julián, Pyrites Plant, and second line of DLP at Herradura; and advanced exploration projects consist of Orisyvo, Juanicipio, Las Casas Rosario and Cluster Cebollitas, and Centauro Deep, as well as various other long term exploration prospects.

Analyst Recommendations for Fresnillo (LON:FRES)

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