Fresnillo (LON:FRES) Hits New 52-Week High After Analyst Upgrade

Fresnillo plc (LON:FRES) reached a new 52-week high during mid-day trading on Tuesday after Royal Bank Of Canada raised their price target on the stock from GBX 1,200 to GBX 1,400. Royal Bank Of Canada currently has a sector perform rating on the stock. Fresnillo traded as high as GBX 1,769 ($23.88) and last traded at GBX 1,761.97 ($23.79), with a volume of 3426429 shares. The stock had previously closed at GBX 1,743 ($23.53).

FRES has been the subject of several other research reports. JPMorgan Chase & Co. increased their price target on shares of Fresnillo from GBX 1,850 ($24.98) to GBX 2,100 ($28.35) and gave the company an “overweight” rating in a research report on Thursday, August 7th. Citigroup increased their target price on shares of Fresnillo from GBX 1,300 ($17.55) to GBX 1,700 ($22.95) and gave the stock a “buy” rating in a research report on Thursday, July 10th. Canaccord Genuity Group increased their target price on shares of Fresnillo from GBX 805 ($10.87) to GBX 980 ($13.23) and gave the stock a “hold” rating in a research report on Thursday, April 24th. Finally, Berenberg Bank increased their target price on shares of Fresnillo from GBX 1,620 ($21.87) to GBX 1,700 ($22.95) and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,576 ($21.28).

Fresnillo Price Performance

The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 23.55. The stock has a market cap of £16.03 billion, a P/E ratio of 64.66, a PEG ratio of -1.58 and a beta of 0.15. The firm’s fifty day moving average price is GBX 1,462.05 and its 200-day moving average price is GBX 1,107.37.

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.