Fresnillo (LON:FRES) had its target price hoisted by research analysts at JPMorgan Chase & Co. from GBX 700 ($9.15) to GBX 800 ($10.45) in a note issued to investors on Thursday, Digital Look reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 6.38% from the stock’s previous close.
Several other analysts have also weighed in on FRES. UBS Group lifted their price objective on Fresnillo from GBX 700 ($9.15) to GBX 725 ($9.47) and gave the stock a “neutral” rating in a report on Friday, September 6th. Goldman Sachs Group reissued a “conviction-buy” rating on shares of Fresnillo in a report on Tuesday, August 13th. Barclays decreased their price objective on Fresnillo from GBX 900 ($11.76) to GBX 760 ($9.93) and set an “equal weight” rating on the stock in a report on Thursday, July 18th. Royal Bank of Canada lowered Fresnillo to a “sector performer” rating and decreased their price target for the company from GBX 1,150 ($15.03) to GBX 650 ($8.49) in a research note on Thursday, August 1st. Finally, Morgan Stanley decreased their price target on Fresnillo from GBX 800 ($10.45) to GBX 700 ($9.15) and set an “equal weight” rating on the stock in a research note on Tuesday, August 20th. Eight investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 901.45 ($11.78).
Shares of LON:FRES traded up GBX 22.80 ($0.30) during trading on Thursday, hitting GBX 752 ($9.83). 1,730,316 shares of the stock were exchanged, compared to its average volume of 1,260,000. Fresnillo has a 1-year low of GBX 570 ($7.45) and a 1-year high of GBX 1,028 ($13.43). The company has a market capitalization of $5.49 billion and a price-to-earnings ratio of 29.15. The company’s fifty day simple moving average is GBX 704.93 and its 200-day simple moving average is GBX 791.72. The company has a debt-to-equity ratio of 26.08, a quick ratio of 5.37 and a current ratio of 7.40.
In other Fresnillo news, insider Charles Jacobs acquired 1,600 shares of Fresnillo stock in a transaction on Wednesday, July 31st. The shares were bought at an average price of GBX 626 ($8.18) per share, with a total value of £10,016 ($13,087.68).
Fresnillo Company Profile
Fresnillo Plc mines, develops, and produces non-ferrous minerals in Mexico. It primarily explores for silver, gold, lead, and zinc concentrates. The company's operating mines include the Fresnillo, Saucito, Ciénega, Herradura, Soledad-Dipolos, Noche Buena, and San Julián; development projects comprise the Pyrites Plant, and second line of the DLP at Herradura; and advanced exploration projects consist of the Juanicipio, Las Casas, Cebollitas Cluster, Centauro Deep, Centauro Pit Expansion as part of Herradura, and Orisyvo.
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