Fresnillo (LON:FRES – Free Report) had its price target raised by Berenberg Bank from GBX 560 ($7.20) to GBX 610 ($7.85) in a research note published on Wednesday morning, Digital Look reports. Berenberg Bank currently has a hold rating on the stock.
FRES has been the topic of several other research reports. JPMorgan Chase & Co. raised their price objective on Fresnillo from GBX 750 ($9.65) to GBX 800 ($10.29) and gave the stock an overweight rating in a report on Tuesday, May 28th. Barclays decreased their target price on shares of Fresnillo from GBX 630 ($8.10) to GBX 615 ($7.91) and set an equal weight rating for the company in a research note on Tuesday, May 7th.
Get Our Latest Stock Analysis on FRES
Fresnillo Stock Performance
Fresnillo Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Thursday, August 8th will be paid a dividend of $0.06 per share. This represents a dividend yield of 0.87%. This is a boost from Fresnillo’s previous dividend of $0.04. The ex-dividend date is Thursday, August 8th. Fresnillo’s dividend payout ratio (DPR) is 2,000.00%.
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.
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