Berenberg Bank Raises Fresnillo (LON:FRES) Price Target to GBX 570

Fresnillo (LON:FRES) had its price target boosted by Berenberg Bank from GBX 480 ($5.93) to GBX 570 ($7.04) in a research report sent to investors on Thursday, MarketBeat.com reports. The brokerage currently has a hold rating on the stock.

Fresnillo Price Performance

Shares of FRES opened at GBX 584 ($7.21) on Thursday. The firm has a 50-day simple moving average of GBX 506.45 and a two-hundred day simple moving average of GBX 528.86. The stock has a market cap of £4.30 billion, a PE ratio of 2,336.00, a P/E/G ratio of -1.58 and a beta of 0.26. Fresnillo has a 1-year low of GBX 435.20 ($5.38) and a 1-year high of GBX 739.26 ($9.13). The company has a debt-to-equity ratio of 23.33, a current ratio of 4.14 and a quick ratio of 3.28.

Fresnillo Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Thursday, April 18th will be paid a dividend of $0.04 per share. This represents a yield of 0.69%. This is a boost from Fresnillo’s previous dividend of $0.01. The ex-dividend date of this dividend is Thursday, April 18th. Fresnillo’s dividend payout ratio is 1,600.00%.

Fresnillo Company Profile

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Juanicipio. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include the Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; San Julián silver-gold mine situated on the border of Chihuahua/Durango states; and Juanicipio mine located in the state of Zacatecas.