Macquarie Reaffirms “Neutral” Rating for Fresnillo Plc (FRES)
Several other research firms also recently issued reports on FRES. Barclays PLC cut their target price on Fresnillo Plc from GBX 1,500 ($19.90) to GBX 1,350 ($17.91) and set an equal weight rating on the stock in a research report on Friday, July 14th. Numis Securities Ltd cut their target price on 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 report on Monday, September 25th. Citigroup Inc. reissued a sell rating and issued a GBX 1,225 ($16.25) target price on shares of Fresnillo Plc in a research report on Thursday, July 27th. Finally, HSBC Holdings plc downgraded Fresnillo Plc to a hold rating and cut their target price for the company from GBX 1,830 ($24.27) to GBX 1,760 ($23.35) in a research report 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 currently has a consensus rating of Hold and an average target price of GBX 1,415.50 ($18.78).
Fresnillo Plc (FRES) opened at 1424.00 on Wednesday. The company’s 50-day moving average price is GBX 1,515.89 and its 200 day moving average price is GBX 1,533.46. Fresnillo Plc has a 52-week low of GBX 1,052.00 and a 52-week high of GBX 1,864.00. The stock’s market capitalization is GBX 10.49 billion.
The business also recently declared a dividend, which was paid on Friday, September 8th. Shareholders of record on Thursday, August 10th were given a dividend of $0.11 per share. This represents a yield of 0.53%. The ex-dividend date of this dividend was Thursday, August 10th.
Fresnillo Plc Company Profile
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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