Fresnillo (LON:FRES) Price Target Raised to GBX 610 at Berenberg Bank

Fresnillo (LON:FRES) 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.

Fresnillo Stock Performance

Shares of FRES stock opened at GBX 598 ($7.69) on Wednesday. The stock’s 50-day moving average is GBX 584.98 and its two-hundred day moving average is GBX 541.78. The firm has a market cap of £4.41 billion, a price-to-earnings ratio of 2,392.75, a PEG ratio of -1.58 and a beta of 0.22. Fresnillo has a 1 year low of GBX 435.20 ($5.60) and a 1 year high of GBX 647.50 ($8.33). The company has a debt-to-equity ratio of 23.33, a quick ratio of 3.28 and a current ratio of 4.14.

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.