Fresnillo (LON:FRES) Hits New 1-Year High – Here’s Why

Fresnillo plc (LON:FRES)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 3,748 and last traded at GBX 3,686, with a volume of 6544513 shares traded. The stock had previously closed at GBX 3,506.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FRES. Canaccord Genuity Group increased their price target 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 raised their target price on shares of Fresnillo from GBX 2,700 to GBX 3,000 and gave the stock a “buy” rating in a report on Monday, November 24th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 4,300 target price on shares of Fresnillo in a research report on Monday, January 5th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 2,600 price target 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 assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,748.

Fresnillo Stock Performance

The stock has a market capitalization of £26.96 billion, a PE ratio of 59.19, a P/E/G ratio of -1.58 and a beta of 0.15. The company has a debt-to-equity ratio of 23.55, a quick ratio of 3.28 and a current ratio of 5.88. The firm has a 50 day moving average of GBX 2,803.64 and a 200-day moving average of GBX 2,217.09.

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.