JPMorgan Chase & Co. Raises Fresnillo (LON:FRES) Price Target to GBX 800

Fresnillo (LON:FRES) had its price target increased by JPMorgan Chase & Co. from GBX 750 ($9.23) to GBX 800 ($9.84) in a report issued on Wednesday, Stock Target Advisor reports. The brokerage currently has a neutral rating on the stock.

FRES has been the subject of several other reports. UBS Group reaffirmed a neutral rating on shares of Fresnillo in a research note on Thursday, July 23rd. Panmure Gordon reissued a hold rating and set a GBX 606 ($7.46) price target (down from GBX 654 ($8.05)) on shares of Fresnillo in a research note on Tuesday, April 28th. Jefferies Financial Group raised their price objective on Fresnillo from GBX 1,040 ($12.80) to GBX 1,350 ($16.61) and gave the stock a buy rating in a report on Monday, July 27th. Royal Bank of Canada lifted their price target on Fresnillo from GBX 1,100 ($13.54) to GBX 1,300 ($16.00) and gave the company a sector performer rating in a report on Tuesday, July 28th. Finally, Morgan Stanley lifted their price target on Fresnillo from GBX 700 ($8.61) to GBX 770 ($9.48) and gave the company an equal weight rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of GBX 831.45 ($10.23).

Shares of Fresnillo stock opened at GBX 1,232.50 ($15.17) on Wednesday. The stock has a 50 day moving average of GBX 933.55 and a 200 day moving average of GBX 746.96. Fresnillo has a 12 month low of GBX 8.22 ($0.10) and a 12 month high of GBX 1,091.50 ($13.43). The firm has a market cap of $9.08 billion and a PE ratio of 44.49. The company has a current ratio of 6.37, a quick ratio of 4.62 and a debt-to-equity ratio of 24.82.

The business also recently declared a dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Thursday, August 6th will be given a $0.02 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a dividend yield of 0.14%. Fresnillo’s dividend payout ratio (DPR) is presently 43.32%.

About Fresnillo

Fresnillo Plc mines, develops, and produces non-ferrous minerals in Mexico. It primarily explores for silver, gold, lead, and zinc concentrates. The company's operating mines include the Fresnillo, Saucito, Ciénega, Herradura, Soledad-Dipolos, Noche Buena, and San Julián; development projects comprise the Pyrites Plant, and second line of the DLP at Herradura; and advanced exploration projects consist of the Juanicipio, Las Casas, Cebollitas Cluster, Centauro Deep, Centauro Pit Expansion as part of Herradura, and Orisyvo.

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Analyst Recommendations for Fresnillo (LON:FRES)

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