Citigroup Increases Fresnillo (LON:FRES) Price Target to GBX 1,700

Fresnillo (LON:FRES) had its price target upped by analysts at Citigroup from GBX 1,300 ($17.54) to GBX 1,700 ($22.93) in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 12.14% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Canaccord Genuity Group lifted their price target on shares of Fresnillo from GBX 805 ($10.86) to GBX 980 ($13.22) and gave the company a “hold” rating in a research note on Thursday, April 24th. Berenberg Bank dropped their price target on shares of Fresnillo from GBX 1,630 ($21.99) to GBX 1,620 ($21.85) and set a “buy” rating on the stock in a research note on Wednesday, July 2nd. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 880 ($11.87) price target on shares of Fresnillo in a research note on Thursday, March 13th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,295 ($17.47).

Fresnillo Price Performance

Shares of LON FRES opened at GBX 1,516 ($20.45) on Thursday. The stock has a market capitalization of £14.00 billion, a price-to-earnings ratio of 56.50, a PEG ratio of -1.58 and a beta of 0.15. Fresnillo has a 12 month low of GBX 502 ($6.77) and a 12 month high of GBX 1,538 ($20.75). The firm’s 50 day simple moving average is GBX 1,272.59 and its 200-day simple moving average is GBX 974.72. The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28.

About Fresnillo

Fresnillo plc is the world’s largest silver producer and Mexico’s largest gold producer, listed on the London and Mexican stock exchanges.
The Group seeks to create value for stakeholders across precious metal cycles, focusing on high-potential silver and gold projects that can be developed into low cost, world-class mines.
Following a decade of consistent and successful progress, the Group is now focused on consolidating its growth and advancing its pipeline in order to deliver further growth in the years ahead.