Fresnillo Plc (FRES) Receives Average Recommendation of “Hold” from Analysts
Fresnillo Plc (LON:FRES) has been assigned a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and nine have issued a hold recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 1,443.18 ($18.64).
Several research firms recently issued reports on FRES. Barclays PLC cut their target price on Fresnillo Plc from GBX 1,500 ($19.37) to GBX 1,350 ($17.44) and set an “equal weight” rating for the company in a research report on Friday, July 14th. Numis Securities Ltd reiterated a “hold” rating and set a GBX 1,600 ($20.66) target price on shares of Fresnillo Plc in a research report on Thursday, August 3rd. HSBC Holdings plc cut Fresnillo Plc to a “hold” rating and cut their target price for the stock from GBX 1,830 ($23.63) to GBX 1,760 ($22.73) in a research report on Monday, June 12th. Macquarie increased their target price on Fresnillo Plc from GBX 1,300 ($16.79) to GBX 1,800 ($23.25) and gave the stock a “neutral” rating in a research report on Thursday, June 8th. Finally, J P Morgan Chase & Co cut their target price on Fresnillo Plc from GBX 1,650 ($21.31) to GBX 1,500 ($19.37) and set a “neutral” rating for the company in a research report on Monday, June 5th.
Fresnillo Plc (LON:FRES) opened at 1621.00 on Friday. The company’s market cap is GBX 11.95 billion. Fresnillo Plc has a 52 week low of GBX 1,052.00 and a 52 week high of GBX 1,864.00. The firm has a 50-day moving average price of GBX 1,552.89 and a 200 day moving average price of GBX 1,534.71.
The company also recently declared a dividend, which was paid on Friday, September 8th. Investors of record on Thursday, August 10th were paid a dividend of $0.11 per share. This represents a yield of 0.53%. The ex-dividend date was Thursday, August 10th.
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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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