Fresnillo (LON:FRES) Given New GBX 3,000 Price Target at Citigroup

Fresnillo (LON:FRES) had its target price increased by Citigroup from GBX 2,700 to GBX 3,000 in a research note issued to investors on Monday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

FRES has been the subject of several other reports. Royal Bank Of Canada upped their price target on shares of Fresnillo from GBX 1,200 to GBX 1,400 and gave the stock a “sector perform” rating in a report on Monday, August 11th. Canaccord Genuity Group boosted their price objective on Fresnillo from GBX 980 to GBX 2,440 and gave the stock a “hold” rating in a research report on Friday, October 17th. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,600 target price on shares of Fresnillo in a research report on Tuesday, November 4th. Finally, JPMorgan Chase & Co. lifted their price target on Fresnillo from GBX 1,850 to GBX 2,100 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Fresnillo has a consensus rating of “Moderate Buy” and an average target price of GBX 2,308.

Fresnillo Trading Up 9.4%

Shares of Fresnillo stock opened at GBX 2,498 on Monday. The firm’s 50 day moving average is GBX 2,309.96 and its 200 day moving average is GBX 1,783.89. The firm has a market capitalization of £18.41 billion, a PE ratio of 40.42, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. Fresnillo has a 1 year low of GBX 612 and a 1 year high of GBX 2,650. The company has a current ratio of 5.88, a quick ratio of 3.28 and a debt-to-equity ratio of 23.55.

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.