Fresnillo (LON:FRES) Price Target Lowered to GBX 5,400 at JPMorgan Chase & Co.

Fresnillo (LON:FRES) had its price target lowered by JPMorgan Chase & Co. from GBX 5,500 to GBX 5,400 in a report published on Tuesday,London Stock Exchange reports. The brokerage currently has an overweight rating on the stock.

Other analysts have also recently issued research reports about the stock. Berenberg Bank cut shares of Fresnillo to a “hold” rating and upped their price objective for the company from GBX 3,400 to GBX 3,800 in a research report on Thursday, February 5th. Citigroup upped their price objective on shares of Fresnillo from GBX 4,000 to GBX 4,600 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Fresnillo has a consensus rating of “Hold” and a consensus target price of GBX 3,528.

Fresnillo Stock Performance

FRES stock opened at GBX 3,367 on Tuesday. The company has a quick ratio of 3.28, a current ratio of 4.35 and a debt-to-equity ratio of 18.37. Fresnillo has a twelve month low of GBX 829.87 and a twelve month high of GBX 4,472. The business’s fifty day moving average is GBX 3,652.78 and its 200-day moving average is GBX 3,099.60. The company has a market cap of £24.81 billion, a P/E ratio of 17.93, a price-to-earnings-growth ratio of -1.58 and a beta of 0.78.

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.