Fresnillo (LON:FRES) Downgraded by JPMorgan Chase & Co. to Overweight

JPMorgan Chase & Co. lowered shares of Fresnillo (LON:FRES) to an overweight rating in a research report released on Thursday,Digital Look reports. JPMorgan Chase & Co. currently has GBX 4,700 price target on the stock, down from their previous price target of GBX 5,400.

Several other brokerages also recently weighed in on FRES. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 3,700 price target on shares of Fresnillo in a report on Monday, April 27th. Citigroup upped their price target on shares of Fresnillo from GBX 4,600 to GBX 5,000 and gave the stock a “buy” rating in a research note 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 research report on Thursday, April 23rd. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of GBX 3,848.

Fresnillo Stock Down 2.4%

Shares of LON:FRES opened at GBX 2,455 on Thursday. The company has a current ratio of 4.35, a quick ratio of 3.28 and a debt-to-equity ratio of 18.37. The stock has a fifty day simple moving average of GBX 3,054.49 and a two-hundred day simple moving average of GBX 3,429.13. Fresnillo has a 12-month low of GBX 1,371 and a 12-month high of GBX 4,472. The stock has a market capitalization of £18.09 billion, a price-to-earnings ratio of 13.07, a PEG ratio of -1.58 and a beta of 0.72.

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.