Fresnillo Plc (FRES) Given Average Recommendation of “Hold” by Analysts
Fresnillo Plc (LON:FRES) has been given an average recommendation of “Hold” by the ten ratings firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,415.50 ($18.78).
Several research firms recently weighed in on FRES. Barclays PLC cut their target price on shares of Fresnillo Plc from GBX 1,500 ($19.90) to GBX 1,350 ($17.91) and set an “equal weight” rating for the company in a research note on Friday, July 14th. Macquarie boosted their price target on shares of Fresnillo Plc from GBX 1,300 ($17.24) to GBX 1,800 ($23.88) and gave the stock a “neutral” rating in a research note on Thursday, June 8th. Numis Securities Ltd decreased their price target on shares of Fresnillo Plc from GBX 1,600 ($21.22) to GBX 1,500 ($19.90) and set a “hold” rating on the stock in a research note on Monday, September 25th. Citigroup Inc. reissued a “sell” rating and set a GBX 1,225 ($16.25) price objective on shares of Fresnillo Plc in a report on Thursday, July 27th. Finally, HSBC Holdings plc downgraded shares of Fresnillo Plc to a “hold” rating and dropped their price objective for the company from GBX 1,830 ($24.27) to GBX 1,760 ($23.35) in a report on Monday, June 12th.
Fresnillo Plc (FRES) opened at 1436.00 on Wednesday. The stock’s 50 day moving average price is GBX 1,522.50 and its 200 day moving average price is GBX 1,535.68. The company’s market capitalization is GBX 10.58 billion. Fresnillo Plc has a 12 month low of GBX 1,052.00 and a 12 month high of GBX 1,864.00.
The firm also recently announced a dividend, which was paid on Friday, September 8th. Stockholders of record on Thursday, August 10th were issued a $0.11 dividend. The ex-dividend date of this dividend was 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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