Fresnillo (FRES) PT Lowered to GBX 1,200 at Morgan Stanley

Fresnillo (LON:FRES) had its target price cut by Morgan Stanley from GBX 1,330 ($16.97) to GBX 1,200 ($15.31) in a report issued on Tuesday. They currently have an equal weight rating on the stock.

Several other equities analysts have also commented on FRES. JPMorgan Chase & Co. reduced their price target on Fresnillo from GBX 1,300 ($16.58) to GBX 1,250 ($15.95) and set a neutral rating on the stock in a research report on Wednesday, August 8th. UBS Group reissued a neutral rating and set a GBX 1,200 ($15.31) price target on shares of Fresnillo in a research report on Wednesday, August 1st. Numis Securities reissued a buy rating on shares of Fresnillo in a research report on Wednesday, August 1st. Goldman Sachs Group reduced their price target on Fresnillo from GBX 1,575 ($20.09) to GBX 1,550 ($19.77) and set a conviction-buy rating on the stock in a research report on Monday, August 6th. Finally, Citigroup reduced their price target on Fresnillo from GBX 1,395 ($17.80) to GBX 1,285 ($16.39) and set a neutral rating on the stock in a research report on Thursday, April 26th. Eight investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Fresnillo presently has an average rating of Hold and an average target price of GBX 1,381.25 ($17.62).

Fresnillo stock opened at GBX 909.51 ($11.60) on Tuesday. Fresnillo has a one year low of GBX 1,174 ($14.98) and a one year high of GBX 1,746 ($22.27).

The firm also recently announced a dividend, which will be paid on Friday, September 7th. Shareholders of record on Thursday, August 9th will be given a $0.11 dividend. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 9th.

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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