Fresnillo (LON:FRES) Sets New 1-Year High – Still a Buy?

Fresnillo plc (LON:FRES) reached a new 52-week high on Wednesday . The stock traded as high as GBX 2,629.99 ($35.35) and last traded at GBX 2,552.61 ($34.31), with a volume of 1387413 shares changing hands. The stock had previously closed at GBX 2,592 ($34.84).

Wall Street Analyst Weigh In

Several research firms recently weighed in on FRES. Royal Bank Of Canada raised their price objective on Fresnillo from GBX 1,200 to GBX 1,400 and gave the company a “sector perform” rating in a report on Monday, August 11th. JPMorgan Chase & Co. lifted their target price on Fresnillo from GBX 1,850 to GBX 2,100 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Citigroup lifted their target price on Fresnillo from GBX 1,300 to GBX 1,700 and gave the stock a “buy” rating in a report on Thursday, July 10th. Finally, Berenberg Bank lifted their target price on Fresnillo from GBX 1,700 to GBX 2,600 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 1,756.

Fresnillo Stock Performance

The company has a 50-day moving average price of GBX 2,091.01 and a two-hundred day moving average price of GBX 1,526.22. The company has a current ratio of 5.88, a quick ratio of 3.28 and a debt-to-equity ratio of 23.55. The stock has a market capitalization of £19.06 billion, a P/E ratio of 4,184.47, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15.

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.