Fresnillo (LON:FRES) Sets New 52-Week High – Here’s What Happened

Shares of Fresnillo plc (LON:FRES) reached a new 52-week high on Monday . The company traded as high as GBX 3,950 and last traded at GBX 3,924, with a volume of 52807363 shares traded. The stock had previously closed at GBX 3,736.75.

Wall Street Analyst Weigh In

FRES has been the topic of a number of recent analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 2,600 price objective on shares of Fresnillo in a research report on Tuesday, November 4th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 4,300 price target on shares of Fresnillo in a research note on Monday, January 5th. Citigroup upped their price objective on Fresnillo from GBX 4,000 to GBX 4,600 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Finally, Canaccord Genuity Group raised their target price on Fresnillo from GBX 980 to GBX 2,440 and gave the stock a “hold” rating in a research report on Friday, October 17th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,068.

Fresnillo Stock Performance

The stock has a 50 day moving average of GBX 2,959.66 and a two-hundred day moving average of GBX 2,297.73. The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28. The stock has a market capitalization of £28.92 billion, a PE ratio of 63.50, a P/E/G 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.