Fresnillo Plc (FRES) Receives Average Recommendation of “Hold” from Brokerages
Fresnillo Plc (LON:FRES) has been given a consensus rating of “Hold” by the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and nine have assigned a hold recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 1,443.18 ($18.74).
FRES has been the subject of several research analyst reports. HSBC Holdings plc reaffirmed a “buy” rating and issued a GBX 1,830 ($23.76) price objective on shares of Fresnillo Plc in a report on Tuesday, May 2nd. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 1,500 ($19.47) price objective on shares of Fresnillo Plc in a report on Wednesday, May 3rd. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 1,600 ($20.77) price objective on shares of Fresnillo Plc in a report on Thursday, August 3rd. Macquarie lifted their price objective on Fresnillo Plc from GBX 1,300 ($16.88) to GBX 1,800 ($23.37) and gave the stock a “neutral” rating in a report on Thursday, June 8th. Finally, J P Morgan Chase & Co cut their price objective on Fresnillo Plc from GBX 1,650 ($21.42) to GBX 1,500 ($19.47) and set a “neutral” rating for the company in a report on Monday, June 5th.
Fresnillo Plc (FRES) opened at 1525.00 on Tuesday. The stock’s 50 day moving average price is GBX 1,503.32 and its 200-day moving average price is GBX 1,521.94. Fresnillo Plc has a 12 month low of GBX 1,052.00 and a 12 month high of GBX 2,035.15. The stock’s market cap is GBX 11.24 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, September 8th. Stockholders of record on Thursday, August 10th will be given a $0.11 dividend. The ex-dividend date is Thursday, August 10th. This represents a dividend yield of 0.53%.
About Fresnillo Plc
Fresnillo plc is a holding company. Through its subsidiaries, the Company is engaged in the mining and beneficiation of non-ferrous minerals, and the sale of related production. The primary contents of this production include silver, gold, lead and zinc. The Company has six operating mines: Fresnillo, located in the State of Zacatecas, which is primary silver mine; Saucito, located in the State of Zacatecas, an underground silver mine; Cienega, located in the State of Durango, an underground gold mine, including the San Ramon satellite mine; Herradura, located in the State of Sonora, a surface gold mine; Soledad-Dipolos mine, located in the State of Sonora, a surface gold mine, and Noche Buena, located in State of Sonora, a surface gold mine.
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