Barclays Raises Fresnillo (LON:FRES) Price Target to GBX 1,150

Fresnillo (LON:FRES) had its price target hoisted by Barclays from GBX 800 ($10.45) to GBX 1,150 ($15.03) in a report published on Tuesday, Digital Look reports. The firm currently has an equal weight rating on the stock.

A number of other analysts also recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Fresnillo from GBX 750 ($9.80) to GBX 800 ($10.45) and gave the stock a neutral rating in a research report on Wednesday, July 29th. Royal Bank of Canada increased their price objective on shares of Fresnillo from GBX 1,100 ($14.37) to GBX 1,300 ($16.99) and gave the stock a sector performer rating in a research note on Tuesday, July 28th. UBS Group restated a neutral rating on shares of Fresnillo in a research note on Wednesday, July 29th. Morgan Stanley raised their target price on shares of Fresnillo from GBX 700 ($9.15) to GBX 770 ($10.06) and gave the stock an equal weight rating in a research note on Tuesday, June 23rd. Finally, Jefferies Financial Group raised their target price on shares of Fresnillo from GBX 1,040 ($13.59) to GBX 1,350 ($17.64) and gave the stock a buy rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of GBX 863.27 ($11.28).

LON:FRES traded down GBX 7.50 ($0.10) during midday trading on Tuesday, reaching GBX 1,296 ($16.93). 1,578,413 shares of the stock traded hands, compared to its average volume of 1,613,871. The company has a fifty day moving average of GBX 1,265.16 and a 200 day moving average of GBX 887.74. Fresnillo has a 12 month low of GBX 456.51 ($5.97) and a 12 month high of GBX 1,359.50 ($17.76). The company has a debt-to-equity ratio of 25.69, a quick ratio of 4.58 and a current ratio of 6.45. The stock has a market capitalization of $9.55 billion and a P/E ratio of 48.18.

The firm also recently announced a dividend, which will be paid on Wednesday, September 16th. Investors of record on Thursday, August 6th will be issued a $0.02 dividend. This represents a dividend yield of 0.14%. The ex-dividend date is Thursday, August 6th. Fresnillo’s dividend payout ratio (DPR) is presently 40.89%.

About Fresnillo

Fresnillo Plc mines, develops, and produces non-ferrous minerals in Mexico. It primarily explores for silver, gold, lead, and zinc concentrates. The company's operating mines include the Fresnillo, Saucito, Ciénega, Herradura, Soledad-Dipolos, Noche Buena, and San Julián; development projects comprise the Pyrites Plant, and second line of the DLP at Herradura; and advanced exploration projects consist of the Juanicipio, Las Casas, Cebollitas Cluster, Centauro Deep, Centauro Pit Expansion as part of Herradura, and Orisyvo.

See Also: Net Asset Value

Analyst Recommendations for Fresnillo (LON:FRES)

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