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Fresnillo Plc Value Stock - Dividend - Research Selection

Fresnillo plc

ISIN: GB00B2QPKJ12 , WKN: A0MVZE

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Description of the company

Fresnillo plc mines, develops, and produces non-ferrous minerals primarily in Mexico. It primarily explores for silver, gold, lead, and zinc ores. The company\'s primary operating mines include Fresnillo, Saucito, Ciénega, Herradura, Soledad-Dipolos, Noche Buena, and San Julián; development projects comprise San Julián, Pyrites Plant, and second line of DLP at Herradura; and advanced exploration projects consist of Orisyvo, Juanicipio, Las Casas Rosario and Cluster Cebollitas, and Centauro Deep, as well as various other long term exploration prospects. It leases mining equipment. Fresnillo plc holds mining rights in an area of approximately 2.0 million hectares. The company was incorporated in 2007 and is headquartered in Mexico City, Mexico. Fresnillo plc is a subsidiary of Industrias Peñoles, S.A.B. de C.V.

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Why Fresnillo’s Fair Value Estimate Has Shifted The recent move in Fresnillo’s fair value estimate from £24.12 to £28.64 per share sits on top of a more constructive tone in Street research, where several large banks are talking up the long term potential of gold prices. With revenue growth assumptions now set at 13.83% and the discount rate eased to 10.40%, the model places more weight on projected cash flows that are tied to higher commodity price decks, especially for gold. If you want to...

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