Fresnillo (LON:FRES) Given “Sector perform” Rating at Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their sector perform rating on shares of Fresnillo (LON:FRES) in a research report released on Thursday morning,Digital Look reports. The brokerage currently has a GBX 3,200 price target on the stock.

Other research analysts have also issued reports about the company. Berenberg Bank reissued a “hold” rating and issued a GBX 3,300 price objective on shares of Fresnillo in a research report on Thursday. Citigroup increased their target price on Fresnillo from GBX 4,600 to GBX 5,000 and gave the company a “buy” rating in a research note on Monday, April 13th. Finally, JPMorgan Chase & Co. lowered Fresnillo to an “overweight” rating and reduced their price target for the stock from GBX 5,400 to GBX 4,700 in a research report on Thursday, July 16th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Fresnillo currently has a consensus rating of “Hold” and an average target price of GBX 3,728.

Fresnillo Stock Performance

Shares of FRES stock opened at GBX 2,497 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 company has a market cap of £18.40 billion, a PE ratio of 13.30, a P/E/G ratio of -1.58 and a beta of 0.72. The company’s fifty day simple moving average is GBX 2,937.82 and its 200-day simple moving average is GBX 3,400.61. Fresnillo has a 52 week low of GBX 1,371 and a 52 week high of GBX 4,472.

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.