Fresnillo (FRES) Receives “Neutral” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of Fresnillo (LON:FRES) in a report released on Wednesday, February 28th. The firm currently has a GBX 1,500 ($20.72) target price on the stock.

Other equities research analysts also recently issued research reports about the stock. Numis Securities decreased their target price on shares of Fresnillo from GBX 1,500 ($20.72) to GBX 1,400 ($19.34) and set a hold rating for the company in a research note on Friday, December 15th. Citigroup restated a neutral rating and issued a GBX 1,360 ($18.79) price objective on shares of Fresnillo in a research report on Thursday, January 25th. HSBC raised shares of Fresnillo to a buy rating and dropped their target price for the company from GBX 1,760 ($24.32) to GBX 1,570 ($21.69) in a report on Wednesday, November 15th. Goldman Sachs Group raised shares of Fresnillo to a neutral rating in a research note on Friday, December 8th. Finally, Jefferies Group started coverage on shares of Fresnillo in a research note on Wednesday, November 29th. They set a buy rating and a GBX 1,600 ($22.11) price objective for the company. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Fresnillo presently has an average rating of Hold and a consensus price target of GBX 1,464.55 ($20.23).

Fresnillo (LON FRES) traded down GBX 11.50 ($0.16) during trading on Wednesday, hitting GBX 1,216 ($16.80). The stock had a trading volume of 888,310 shares, compared to its average volume of 1,260,000. The stock has a market capitalization of $8,960.00 and a price-to-earnings ratio of 2,251.85. Fresnillo has a 1-year low of GBX 1,174 ($16.22) and a 1-year high of GBX 1,746 ($24.12).

The business also recently declared a dividend, which will be paid on Monday, June 4th. Stockholders of record on Thursday, April 26th will be paid a $0.30 dividend. This is a positive change from Fresnillo’s previous dividend of $0.11. This represents a dividend yield of 1.82%. The ex-dividend date is Thursday, April 26th.

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About Fresnillo

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.

Analyst Recommendations for Fresnillo (LON:FRES)

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