Fresnillo (LON:FRES) Hits New 52-Week High – Still a Buy?

Fresnillo plc (LON:FRES) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 3,288 and last traded at GBX 3,260, with a volume of 945583 shares changing hands. The stock had previously closed at GBX 3,170.

Analyst Upgrades and Downgrades

FRES has been the subject of several research reports. Canaccord Genuity Group increased their price objective on Fresnillo from GBX 980 to GBX 2,440 and gave the company a “hold” rating in a research report on Friday, October 17th. Citigroup increased their price target on shares of Fresnillo from GBX 2,700 to GBX 3,000 and gave the company a “buy” rating in a report on Monday, November 24th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 2,600 price objective on shares of Fresnillo in a report on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,308.

Fresnillo Stock 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 firm has a 50-day moving average of GBX 2,531.82 and a 200 day moving average of GBX 2,045.42. The stock has a market capitalization of £23.68 billion, a P/E ratio of 52.01, a PEG ratio of -1.58 and a beta of 0.15.

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.