Royal Bank of Canada Boosts Fresnillo (LON:FRES) Price Target to GBX 1,225

Fresnillo (LON:FRESGet Rating) had its price target hoisted by equities research analysts at Royal Bank of Canada from GBX 1,175 ($14.48) to GBX 1,225 ($15.10) in a research report issued on Tuesday, MarketBeat Ratings reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 58.43% from the company’s previous close.

Several other research analysts also recently commented on the company. Citigroup reissued a “buy” rating and issued a GBX 1,100 ($13.56) target price on shares of Fresnillo in a report on Wednesday, March 9th. Morgan Stanley reissued an “equal weight” rating and issued a GBX 750 ($9.25) price objective on shares of Fresnillo in a research note on Thursday, April 14th. Barclays restated an “equal weight” rating and issued a GBX 880 ($10.85) target price on shares of Fresnillo in a research note on Monday. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 800 ($9.86) price target on shares of Fresnillo in a research report on Monday, May 9th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 1,054.38 ($13.00).

Shares of FRES stock opened at GBX 773.20 ($9.53) on Tuesday. The company has a market capitalization of £5.70 billion and a P/E ratio of 16.59. Fresnillo has a 12-month low of GBX 610.60 ($7.53) and a 12-month high of GBX 997.60 ($12.30). The company has a quick ratio of 3.49, a current ratio of 4.45 and a debt-to-equity ratio of 33.56. The firm has a 50-day moving average price of GBX 757.98 and a 200 day moving average price of GBX 797.51.

Fresnillo Company Profile (Get Rating)

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Other. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; and San Julián silver-gold mine situated on the border of Chihuahua/Durango states.

Further Reading

Analyst Recommendations for Fresnillo (LON:FRES)

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