Fresnillo (LON:FRES) Price Target Raised to GBX 3,000

Fresnillo (LON:FRES) had its price target lifted by Citigroup from GBX 2,700 to GBX 3,000 in a report released on Monday, MarketBeat Ratings reports. Citigroup currently has a buy rating on the stock.

FRES has been the topic of a number of other reports. Royal Bank Of Canada upped their price objective on shares of Fresnillo from GBX 1,200 to GBX 1,400 and gave the company a “sector perform” rating in a research note on Monday, August 11th. Canaccord Genuity Group upped their price target on shares of Fresnillo from GBX 980 to GBX 2,440 and gave the company a “hold” rating in a research report on Friday, October 17th. Berenberg Bank reiterated a “buy” rating and set a GBX 2,600 price target on shares of Fresnillo in a report on Tuesday, November 4th. Finally, JPMorgan Chase & Co. boosted their price objective on Fresnillo from GBX 1,850 to GBX 2,100 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,308.

Fresnillo Stock Performance

Shares of FRES stock opened at GBX 2,573.15 on Monday. The stock has a market capitalization of £18.96 billion, a PE ratio of 41.64, a PEG ratio of -1.58 and a beta of 0.15. The business’s 50 day simple moving average is GBX 2,322.19 and its 200 day simple moving average is GBX 1,799.24. The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28. Fresnillo has a one year low of GBX 612 and a one year high of GBX 2,650.

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.