Royal Bank of Canada restated their top pick rating on shares of Fresnillo (LON:FRES) in a research note published on Thursday morning, Digital Look reports. They currently have a GBX 1,200 ($15.68) price target on the stock.

FRES has been the topic of a number of other research reports. Goldman Sachs Group reduced their price objective on Fresnillo from GBX 1,250 ($16.33) to GBX 1,200 ($15.68) and set a conviction-buy rating on the stock in a research note on Wednesday, April 10th. JPMorgan Chase & Co. reduced their price objective on Fresnillo from GBX 1,100 ($14.37) to GBX 950 ($12.41) and set a neutral rating on the stock in a research note on Wednesday, April 10th. Morgan Stanley raised Fresnillo to an equal weight rating in a research note on Tuesday, March 26th. UBS Group raised Fresnillo to a buy rating and upped their price target for the company from GBX 900 ($11.76) to GBX 1,100 ($14.37) in a research note on Thursday, January 24th. Finally, Barclays cut their price target on Fresnillo from GBX 1,000 ($13.07) to GBX 880 ($11.50) and set an equal weight rating on the stock in a research note on Friday, April 12th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of GBX 1,065 ($13.92).

Fresnillo stock opened at GBX 778.40 ($10.17) on Thursday. The company has a current ratio of 8.11, a quick ratio of 6.37 and a debt-to-equity ratio of 25.58. The firm has a market capitalization of $5.74 billion and a price-to-earnings ratio of 16.39. Fresnillo has a 52 week low of GBX 737.60 ($9.64) and a 52 week high of GBX 1,364.50 ($17.83).

The company also recently declared a dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, April 25th will be paid a dividend of $0.17 per share. This represents a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, April 25th. This is a positive change from Fresnillo’s previous dividend of $0.11. Fresnillo’s dividend payout ratio is 0.44%.

Fresnillo Company Profile

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, 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 Orisyvo, Juanicipio, Las Casas Rosario and Cluster Cebollitas, and Centauro Deep, as well as various other long term exploration prospects.

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Analyst Recommendations for Fresnillo (LON:FRES)

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