Fresnillo (LON:FRES) Given New GBX 4,700 Price Target at JPMorgan Chase & Co.

Fresnillo (LON:FRES) had its target price boosted by research analysts at JPMorgan Chase & Co. from GBX 4,300 to GBX 4,700 in a report released on Monday,Digital Look reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 18.15% from the company’s current price.

Several other analysts also recently issued reports on FRES. Citigroup upped their price objective on shares of Fresnillo from GBX 4,000 to GBX 4,600 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Canaccord Genuity Group boosted their target price on shares of Fresnillo from GBX 980 to GBX 2,440 and gave the stock a “hold” rating in a research report on Friday, October 17th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,600 price target on shares of Fresnillo in a research report on Tuesday, November 4th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 3,148.

Fresnillo Stock Performance

Shares of FRES stock traded up GBX 241.25 during trading on Monday, reaching GBX 3,978. The company had a trading volume of 1,145,023 shares, compared to its average volume of 3,906,438. The company has a market capitalization of £29.31 billion, a PE ratio of 64.37, a PEG ratio of -1.58 and a beta of 0.15. The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28. The firm’s 50 day simple moving average is GBX 2,959.66 and its two-hundred day simple moving average is GBX 2,297.73. Fresnillo has a one year low of GBX 656.50 and a one year high of GBX 3,996.

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.