Royal Bank Of Canada Reaffirms “Sector perform” Rating for Fresnillo (LON:FRES)

Fresnillo (LON:FRES)‘s stock had its “sector perform” rating reaffirmed by investment analysts at Royal Bank Of Canada in a research note issued on Monday,Digital Look reports. They presently have a GBX 3,700 price target on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 10.08% from the stock’s current price.

FRES has been the subject of several other research reports. JPMorgan Chase & Co. decreased their price target on Fresnillo from GBX 5,500 to GBX 5,400 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Citigroup upped their price target on Fresnillo from GBX 4,600 to GBX 5,000 and gave the company a “buy” rating in a research report on Monday, April 13th. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 3,400 price objective on shares of Fresnillo in a report on Thursday. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Fresnillo presently has an average rating of “Hold” and a consensus price target of GBX 3,988.

Fresnillo Trading Down 1.0%

LON FRES opened at GBX 3,361.15 on Monday. The company has a market cap of £24.77 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of -1.58 and a beta of 0.78. Fresnillo has a 52 week low of GBX 963 and a 52 week high of GBX 4,472. The business has a 50 day moving average price of GBX 3,587.76 and a 200-day moving average price of GBX 3,215.57. The company has a quick ratio of 3.28, a current ratio of 4.35 and a debt-to-equity ratio of 18.37.

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.