Fresnillo Plc (FRES) Price Target Cut to GBX 1,120

Fresnillo Plc (LON:FRES) had its price target reduced by research analysts at Deutsche Bank AG from GBX 1,150 ($14.20) to GBX 1,120 ($13.83) in a report released on Friday. The brokerage currently has a “hold” rating on the stock. Deutsche Bank AG’s price objective would suggest a potential downside of 26.70% from the stock’s previous close.

A number of other research analysts also recently commented on the stock. Macquarie reiterated a “neutral” rating and set a GBX 1,300 ($16.06) price objective on shares of Fresnillo Plc in a research note on Monday, February 6th. HSBC Holdings plc reiterated a “buy” rating and set a GBX 1,840 ($22.72) price objective on shares of Fresnillo Plc in a research note on Wednesday, February 8th. Goldman Sachs Group Inc reiterated a “sell” rating and set a GBX 1,050 ($12.97) price objective on shares of Fresnillo Plc in a research note on Thursday, March 16th. Citigroup Inc raised their price target on shares of Fresnillo Plc from GBX 1,100 ($13.59) to GBX 1,225 ($15.13) and gave the stock a “sell” rating in a research report on Friday, January 27th. Finally, Numis Securities Ltd downgraded shares of Fresnillo Plc to a “hold” rating and set a GBX 1,500 ($18.53) price target on the stock. in a research report on Thursday, January 26th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 1,345.50 ($16.62).

Analyst Recommendations for Fresnillo Plc (LON:FRES)

Shares of Fresnillo Plc (LON:FRES) opened at 1530.00 on Friday. The company’s market capitalization is GBX 11.27 billion. Fresnillo Plc has a one year low of GBX 892.00 and a one year high of GBX 2,057.21. The firm has a 50-day moving average price of GBX 1,478.94 and a 200-day moving average price of GBX 1,469.58.

The firm also recently declared a dividend, which will be paid on Friday, May 26th. Stockholders of record on Thursday, April 27th will be given a GBX 0.22 ($0.00) dividend. This is an increase from Fresnillo Plc’s previous dividend of $0.03. This represents a dividend yield of 1.17%. The ex-dividend date is Thursday, April 27th.

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About Fresnillo Plc

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.

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