Fresnillo Reports Strong 2024 Financial Performance and Optimistic Outlook

FRESNILLO ( (GB:FRES) ) has issued an update.

Fresnillo plc reported a strong financial performance in 2024, with a significant increase in profitability driven by high silver and gold prices and operational efficiencies. The company achieved a 27% increase in adjusted revenue to $3.6 billion and more than doubled its gross profit to over $1.2 billion. The positive results were supported by effective cost reduction initiatives and favorable currency effects. Fresnillo declared a total dividend of 32.5 US cents per share and a special dividend of 41.8 US cents per share, returning $547.5 million to shareholders. The company is optimistic about future prospects, with a supportive business environment in Mexico and promising exploration projects in Mexico, Chile, and Peru. Fresnillo is committed to sustainability, with improvements in renewable energy use and water management, and continues to focus on safety and corporate responsibility.

The most recent analyst rating on (GB:FRES) stock is a Hold with a £685.00 price target. To see the full list of analyst forecasts on FRESNILLO stock, see the GB:FRES Stock Forecast page.

Spark’s Take on GB:FRES Stock

According to Spark, TipRanks’ AI Analyst, GB:FRES is a Outperform.

Fresnillo scores well due to strong financial performance and effective cost control, which have driven profitability. However, high valuation metrics and potential overbought technical indicators introduce caution. Operational challenges in certain areas also present risks. Overall, the stock is favorably positioned but with some notable risks.

To see Spark’s full report on GB:FRES stock, click here.

More about FRESNILLO

Fresnillo plc is the world’s largest primary silver producer and Mexico’s largest gold producer, listed on the London and Mexican Stock Exchanges under the symbol FRES. The company operates eight mines in Mexico and has exploration projects in Mexico, Peru, and Chile. Fresnillo aims to maintain its leading position in the silver and gold industries.

Average Trading Volume: 1,769,149

Technical Sentiment Signal: Buy

Current Market Cap: £7.56B

See more insights into FRES stock on TipRanks’ Stock Analysis page.