Fresnillo (LON:FRES) PT Raised to GBX 720 at Berenberg Bank

Fresnillo (LON:FRES) had its price target lifted by Berenberg Bank from GBX 620 ($8.05) to GBX 720 ($9.35) in a research note published on Thursday, MarketBeat reports. The firm currently has a hold rating on the stock.

Fresnillo Price Performance

LON:FRES opened at GBX 758.50 ($9.85) on Thursday. Fresnillo has a 52 week low of GBX 435.20 ($5.65) and a 52 week high of GBX 782 ($10.15). The stock’s fifty day moving average is GBX 601.64 and its two-hundred day moving average is GBX 588.10. The company has a market capitalization of £5.59 billion, a P/E ratio of 3,160.42, a P/E/G ratio of -1.58 and a beta of 0.24. The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 21.66.

Fresnillo Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, September 17th. Shareholders of record on Thursday, August 8th were given a $0.06 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a yield of 0.87%. This is a boost from Fresnillo’s previous dividend of $0.04. Fresnillo’s dividend payout ratio is presently 3,333.33%.

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.