Fresnillo plc (LON:FRES) Receives GBX 3,490 Average Target Price from Analysts

Shares of Fresnillo plc (LON:FRES) have earned an average rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 3,490.

A number of equities research analysts have weighed in on FRES shares. JPMorgan Chase & Co. cut shares of Fresnillo to an “overweight” rating and dropped their price target for the company from GBX 5,400 to GBX 4,700 in a research report on Thursday, July 16th. Jefferies Financial Group restated a “hold” rating and issued a GBX 2,700 price objective on shares of Fresnillo in a report on Tuesday, August 4th. Berenberg Bank dropped their target price on shares of Fresnillo from GBX 3,300 to GBX 2,900 and set a “hold” rating for the company in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 3,200 target price on shares of Fresnillo in a research report on Friday, August 7th.

Fresnillo Trading Up 0.8%

LON FRES opened at GBX 3,099 on Friday. The firm’s 50-day moving average is GBX 2,792.37 and its two-hundred day moving average is GBX 3,207.09. Fresnillo has a 12 month low of GBX 2,000 and a 12 month 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 stock has a market capitalization of £22.84 billion, a P/E ratio of 16.50, a PEG ratio of -1.58 and a beta of 0.70.

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.