Fresnillo (FRES) Hits New 1-Year Low at $719.20

Fresnillo Plc (LON:FRES) shares hit a new 52-week low on Friday . The stock traded as low as GBX 719.20 ($9.40) and last traded at GBX 723.80 ($9.46), with a volume of 310043 shares. The stock had previously closed at GBX 726.40 ($9.49).

Several research analysts have recently weighed in on FRES shares. Citigroup restated a “neutral” rating and set a GBX 900 ($11.76) target price (down from GBX 1,000 ($13.07)) on shares of Fresnillo in a report on Wednesday, March 6th. UBS Group restated a “buy” rating and set a GBX 1,050 ($13.72) target price (down from GBX 1,100 ($14.37)) on shares of Fresnillo in a report on Friday, April 12th. Barclays restated an “equal weight” rating on shares of Fresnillo in a report on Monday, February 25th. Goldman Sachs Group lowered their target price on Fresnillo from GBX 1,300 ($16.99) to GBX 1,250 ($16.33) and set a “conviction-buy” rating on the stock in a report on Friday, March 1st. Finally, Numis Securities restated a “buy” rating on shares of Fresnillo in a report on Thursday. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Fresnillo presently has an average rating of “Buy” and an average price target of GBX 1,043.83 ($13.64).

The firm has a market cap of $5.39 billion and a P/E ratio of 15.39. The company has a debt-to-equity ratio of 25.58, a current ratio of 8.11 and a quick ratio of 6.37.

The firm also recently disclosed a dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, April 25th will be issued a $0.17 dividend. The ex-dividend date is Thursday, April 25th. This is a boost from Fresnillo’s previous dividend of $0.11. This represents a yield of 1.31%. Fresnillo’s dividend payout ratio is currently 0.44%.

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About Fresnillo (LON:FRES)

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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