Jefferies Financial Group Reiterates Hold Rating for Fresnillo (LON:FRES)

Fresnillo (LON:FRES)‘s stock had its “hold” rating reaffirmed by research analysts at Jefferies Financial Group in a research note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 2,700 target price on the stock. Jefferies Financial Group’s target price points to a potential upside of 7.02% from the company’s current price.

A number of other brokerages have also recently weighed in on FRES. Berenberg Bank reiterated a “hold” rating and issued a GBX 3,300 price objective on shares of Fresnillo in a research note on Thursday, July 23rd. JPMorgan Chase & Co. lowered shares of Fresnillo to an “overweight” rating and lowered their target price for the stock from GBX 5,400 to GBX 4,700 in a research report on Thursday, July 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 3,200 target price on shares of Fresnillo in a report on Thursday, July 23rd. Finally, Citigroup upped their price target on shares of Fresnillo from GBX 4,600 to GBX 5,000 and gave the company a “buy” rating in a research report on Monday, April 13th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of GBX 3,556.67.

Fresnillo Trading Up 1.0%

LON:FRES opened at GBX 2,523 on Tuesday. The stock’s 50 day moving average price is GBX 2,832.12 and its 200 day moving average price is GBX 3,348.10. The company has a market capitalization of £18.59 billion, a PE ratio of 13.43, a P/E/G ratio of -1.58 and a beta of 0.70. 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 52-week low of GBX 1,483 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.