Numis Securities Ltd Cuts Fresnillo Plc (FRES) Price Target to GBX 1,500
Fresnillo Plc (LON:FRES) had its target price reduced by Numis Securities Ltd from GBX 1,600 ($21.52) to GBX 1,500 ($20.17) in a research report released on Monday. They currently have a hold rating on the stock.
FRES has been the subject of a number of other reports. Citigroup Inc. reiterated a sell rating and set a GBX 1,225 ($16.47) price target on shares of Fresnillo Plc in a report on Thursday, July 27th. Macquarie upped their price target on Fresnillo Plc from GBX 1,300 ($17.48) to GBX 1,800 ($24.21) and gave the stock a neutral rating in a report on Thursday, June 8th. J P Morgan Chase & Co cut their target price on Fresnillo Plc from GBX 1,650 ($22.19) to GBX 1,500 ($20.17) and set a neutral rating for the company in a research note on Monday, June 5th. Barclays PLC cut their target price on Fresnillo Plc from GBX 1,500 ($20.17) to GBX 1,350 ($18.15) and set an equal weight rating for the company in a research note on Friday, July 14th. Finally, HSBC Holdings plc lowered Fresnillo Plc to a hold rating and cut their target price for the company from GBX 1,830 ($24.61) to GBX 1,760 ($23.67) in a research note on Monday, June 12th. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Fresnillo Plc has an average rating of Hold and a consensus price target of GBX 1,415.50 ($19.04).
Fresnillo Plc (FRES) opened at 1382.00 on Monday. The firm has a 50-day moving average of GBX 1,547.86 and a 200-day moving average of GBX 1,534.90. Fresnillo Plc has a 12-month low of GBX 1,052.00 and a 12-month high of GBX 1,864.00. The firm’s market cap is GBX 10.18 billion.
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The company also recently announced a dividend, which was paid on Friday, September 8th. Investors of record on Thursday, August 10th were paid a $0.11 dividend. The ex-dividend date 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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