Fresnillo (LON:FRES) Hits New 12-Month High – Here’s What Happened

Fresnillo plc (LON:FRES) reached a new 52-week high during trading on Monday . The company traded as high as GBX 3,376 and last traded at GBX 3,298, with a volume of 8684644 shares. The stock had previously closed at GBX 3,200.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FRES shares. Canaccord Genuity Group raised their price objective on shares of Fresnillo from GBX 980 to GBX 2,440 and gave the stock a “hold” rating in a report on Friday, October 17th. Berenberg Bank reissued a “buy” rating and set a GBX 2,600 target price on shares of Fresnillo in a research report on Tuesday, November 4th. Finally, Citigroup raised their price target on shares of Fresnillo from GBX 2,700 to GBX 3,000 and gave the stock a “buy” rating in a research note on Monday, November 24th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Fresnillo presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,308.

Fresnillo Trading Up 2.8%

The firm has a fifty day moving average of GBX 2,560.78 and a two-hundred day moving average of GBX 2,076.21. The company has a market cap of £24.23 billion, a PE ratio of 53.20, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. 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.