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).
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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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.
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