Fresnillo plc (LON:FRES) Stock Has Consensus Price Target of GBX 3,490 According to Analysts

Shares of Fresnillo plc (LON:FRES) have earned a consensus recommendation of “Hold” from the six research firms that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 3,490.

FRES has been the topic of a number of research reports. Jefferies Financial Group reissued a “hold” rating and issued a GBX 2,700 price objective on shares of Fresnillo in a report on Tuesday, August 4th. Berenberg Bank decreased their target price on Fresnillo from GBX 3,300 to GBX 2,900 and set a “hold” rating for the company in a report on Wednesday, August 5th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 3,200 target price on shares of Fresnillo in a research report on Monday, September 14th. Finally, JPMorgan Chase & Co. lowered Fresnillo to an “overweight” rating and dropped their target price for the company from GBX 5,400 to GBX 4,700 in a research report on Thursday, July 16th.

Fresnillo Stock Performance

Shares of FRES stock opened at GBX 2,738 on Wednesday. The business has a fifty day moving average of GBX 2,893.45 and a 200 day moving average of GBX 3,098.72. Fresnillo has a 1 year low of GBX 2,000 and a 1 year high of GBX 4,472. The company has a debt-to-equity ratio of 16.67, a current ratio of 6.35 and a quick ratio of 3.28. The firm has a market capitalization of £20.18 billion, a price-to-earnings ratio of 8.85, a price-to-earnings-growth ratio of -1.58 and a beta of 0.77.

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.