Fresnillo (LON:FRES) Rating Reiterated by Goldman Sachs Group

Goldman Sachs Group reiterated their conviction-buy rating on shares of Fresnillo (LON:FRES) in a research report released on Tuesday morning, ThisIsMoney.Co.Uk reports.

Other research analysts have also issued reports about the company. Panmure Gordon initiated coverage on Fresnillo in a report on Tuesday, May 14th. They issued a hold rating and a GBX 811 ($10.60) price objective on the stock. UBS Group lowered their target price on Fresnillo from GBX 800 ($10.45) to GBX 700 ($9.15) and set a neutral rating on the stock in a research note on Thursday, August 8th. Numis Securities restated a buy rating on shares of Fresnillo in a research note on Monday, June 3rd. Barclays lowered their target price on Fresnillo from GBX 900 ($11.76) to GBX 760 ($9.93) and set an equal weight rating on the stock in a research note on Thursday, July 18th. Finally, Royal Bank of Canada downgraded Fresnillo to a sector performer rating and lowered their target price for the stock from GBX 1,150 ($15.03) to GBX 650 ($8.49) in a research note on Thursday, August 1st. Eight analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of GBX 918.73 ($12.00).

Shares of FRES stock opened at GBX 671.20 ($8.77) on Tuesday. The stock’s 50-day simple moving average is GBX 781.40 and its 200-day simple moving average is GBX 817.51. The company has a debt-to-equity ratio of 26.08, a quick ratio of 5.37 and a current ratio of 7.40. The firm has a market capitalization of $4.95 billion and a PE ratio of 26.02. Fresnillo has a fifty-two week low of GBX 570 ($7.45) and a fifty-two week high of GBX 1,028 ($13.43).

The business also recently announced a dividend, which will be paid on Friday, September 6th. Stockholders of record on Thursday, August 8th will be paid a $0.03 dividend. The ex-dividend date is Thursday, August 8th. This represents a dividend yield of 0.29%. Fresnillo’s payout ratio is 0.58%.

In related news, insider Charles Jacobs bought 1,600 shares of the stock in a transaction dated Wednesday, July 31st. The shares were purchased at an average price of GBX 626 ($8.18) per share, for a total transaction of £10,016 ($13,087.68).

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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