Fresnillo (LON:FRES) Stock Price Expected to Rise, Citigroup Analyst Says

Fresnillo (LON:FRES) had its price objective raised by Citigroup from GBX 4,000 to GBX 4,600 in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 23.49% from the company’s previous close.

Several other analysts have also recently issued reports on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 2,600 price objective on shares of Fresnillo in a research note on Tuesday, November 4th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 4,300 target price on shares of Fresnillo in a report on Monday, January 5th. Finally, Canaccord Genuity Group upped their price target on Fresnillo from GBX 980 to GBX 2,440 and gave the stock a “hold” rating in a research note on Friday, October 17th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 3,068.

Fresnillo Price Performance

Fresnillo stock opened at GBX 3,724.95 on Wednesday. Fresnillo has a 1 year low of GBX 645.55 and a 1 year high of GBX 3,928. The firm has a 50 day moving average price of GBX 2,928.77 and a 200 day moving average price of GBX 2,270.11. The company has a market cap of £27.45 billion, a price-to-earnings ratio of 60.27, a PEG 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.

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.