Fresnillo (LON:FRES) Price Target Raised to GBX 1,850

Fresnillo (LON:FRES) had its price target hoisted by JPMorgan Chase & Co. from GBX 1,450 ($19.47) to GBX 1,850 ($24.84) in a report published on Tuesday morning, Marketbeat reports. The firm currently has an overweight rating on the stock.

A number of other equities analysts also recently weighed in on the stock. Citigroup boosted their target price on shares of Fresnillo from GBX 1,300 ($17.46) to GBX 1,700 ($22.83) and gave the stock a “buy” rating in a report on Thursday, July 10th. Berenberg Bank decreased their price objective on shares of Fresnillo from GBX 1,630 ($21.89) to GBX 1,620 ($21.75) and set a “buy” rating for the company in a research report on Wednesday, July 2nd. Finally, Canaccord Genuity Group lifted their price objective on shares of Fresnillo from GBX 805 ($10.81) to GBX 980 ($13.16) and gave the company a “hold” rating in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,406 ($18.88).

Fresnillo Price Performance

LON:FRES opened at GBX 1,460 ($19.61) on Tuesday. Fresnillo has a 52-week low of GBX 502 ($6.74) and a 52-week high of GBX 1,566 ($21.03). The company has a market cap of £13.49 billion, a P/E ratio of 54.41, a P/E/G ratio of -1.58 and a beta of 0.15. The company has a debt-to-equity ratio of 23.55, a quick ratio of 3.28 and a current ratio of 5.88. The stock’s 50-day simple moving average is GBX 1,308.12 and its 200 day simple moving average is GBX 998.37.

Fresnillo Company Profile

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.