JPMorgan Chase & Co. Increases Fresnillo (LON:FRES) Price Target to GBX 2,100

Fresnillo (LON:FRES) had its target price upped by equities researchers at JPMorgan Chase & Co. from GBX 1,850 ($24.88) to GBX 2,100 ($28.24) in a report released on Thursday, MarketBeat Ratings reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 22.61% from the company’s current price.

Several other brokerages have also commented on FRES. Citigroup boosted their price target on Fresnillo from GBX 1,300 ($17.48) to GBX 1,700 ($22.86) and gave the stock a “buy” rating in a research note on Thursday, July 10th. Berenberg Bank boosted their price target on Fresnillo from GBX 1,620 ($21.79) to GBX 1,700 ($22.86) and gave the stock a “buy” rating in a research note on Tuesday. Finally, Canaccord Genuity Group boosted their price target on Fresnillo from GBX 805 ($10.83) to GBX 980 ($13.18) and gave the stock a “hold” rating in a research note on Thursday, April 24th. 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 1,472 ($19.80).

Fresnillo Price Performance

Shares of LON:FRES opened at GBX 1,712.80 ($23.04) on Thursday. The business’s 50 day simple moving average is GBX 1,441.89 and its 200-day simple moving average is GBX 1,089.89. The firm has a market capitalization of £15.82 billion, a price-to-earnings ratio of 63.84, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28. Fresnillo has a 12 month low of GBX 502 ($6.75) and a 12 month high of GBX 1,754 ($23.59).

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.