Fresnillo (LON:FRES) Rating Reiterated by Royal Bank of Canada

Fresnillo (LON:FRESGet Rating)‘s stock had its “outperform” rating restated by stock analysts at Royal Bank of Canada in a research note issued to investors on Monday, MarketBeat reports. They currently have a GBX 1,175 ($14.68) price objective on the stock. Royal Bank of Canada’s target price suggests a potential upside of 53.27% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Berenberg Bank reissued a “hold” rating and set a GBX 800 ($9.99) price target on shares of Fresnillo in a research report on Tuesday, April 26th. Citigroup reissued a “buy” rating and set a GBX 1,100 ($13.74) price target on shares of Fresnillo in a research report on Wednesday, March 9th. Barclays reaffirmed an “equal weight” rating and issued a GBX 860 ($10.74) target price on shares of Fresnillo in a research report on Monday, February 28th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a GBX 750 ($9.37) target price on shares of Fresnillo in a research report on Thursday, April 14th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Fresnillo presently has a consensus rating of “Buy” and a consensus target price of GBX 1,045.63 ($13.06).

FRES stock opened at GBX 766.60 ($9.58) on Monday. The stock has a 50-day moving average price of GBX 751.18 and a two-hundred day moving average price of GBX 806.71. Fresnillo has a 12-month low of GBX 610.60 ($7.63) and a 12-month high of GBX 997.60 ($12.46). The company has a current ratio of 4.45, a quick ratio of 3.49 and a debt-to-equity ratio of 33.56. The company has a market cap of £5.65 billion and a PE ratio of 17.18.

Fresnillo Company Profile (Get Rating)

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. The company primarily explores for silver, gold, lead, and zinc concentrates. Its flagship project is Fresnillo silver mine located in the state of Zacatecas. The company has mining concessions covering an area of approximately 1.7 million hectares of surface land in Mexico.

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Analyst Recommendations for Fresnillo (LON:FRES)

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