Fresnillo plc (LON:FRES) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Fresnillo plc (LON:FRES) have received an average rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 3,556.67.

A number of research analysts have recently commented on FRES shares. Jefferies Financial Group restated a “hold” rating and issued a GBX 2,700 price target on shares of Fresnillo in a report on Tuesday. Berenberg Bank restated a “hold” rating and issued a GBX 3,300 target price on shares of Fresnillo in a research note on Thursday, July 23rd. Citigroup raised their target price on shares of Fresnillo from GBX 4,600 to GBX 5,000 and gave the stock a “buy” rating in a research report on Monday, April 13th. JPMorgan Chase & Co. lowered Fresnillo to an “overweight” rating and lowered their price target for the company from GBX 5,400 to GBX 4,700 in a report on Thursday, July 16th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a GBX 3,200 price objective on shares of Fresnillo in a report on Thursday, July 23rd.

Fresnillo Stock Performance

Shares of Fresnillo stock opened at GBX 2,559.50 on Tuesday. The company has a quick ratio of 3.28, a current ratio of 4.35 and a debt-to-equity ratio of 18.37. The stock’s fifty day moving average is GBX 2,832.12 and its two-hundred day moving average is GBX 3,348.10. Fresnillo has a 52 week low of GBX 1,483 and a 52 week high of GBX 4,472. The company has a market capitalization of £18.86 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of -1.58 and a beta of 0.70.

About Fresnillo

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.