Fresnillo (LON:FRES) Given New GBX 5,000 Price Target at Citigroup

Fresnillo (LON:FRES) had its price objective lifted by Citigroup from GBX 4,600 to GBX 5,000 in a research note issued to investors on Monday morning,Digital Look reports. They currently have a buy rating on the stock.

A number of other analysts have also issued reports on FRES. Berenberg Bank lowered Fresnillo to a “hold” rating and lifted their target price for the stock from GBX 3,400 to GBX 3,800 in a research report on Thursday, February 5th. JPMorgan Chase & Co. dropped their target price on Fresnillo from GBX 5,500 to GBX 5,400 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 3,608.

Fresnillo Stock Down 2.0%

Shares of LON FRES opened at GBX 3,524.53 on Monday. Fresnillo has a 1 year low of GBX 937 and a 1 year high of GBX 4,472. The firm has a market cap of £25.97 billion, a price-to-earnings ratio of 18.77, a PEG ratio of -1.58 and a beta of 0.78. The company has a debt-to-equity ratio of 18.37, a quick ratio of 3.28 and a current ratio of 4.35. The stock’s 50-day simple moving average is GBX 3,629.90 and its 200-day simple moving average is GBX 3,134.76.

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.