Fresnillo (LON:FRES) Price Target Raised to GBX 810

Fresnillo (LON:FRES) had its target price boosted by Royal Bank of Canada from GBX 800 ($10.31) to GBX 810 ($10.44) in a research note issued to investors on Monday,Digital Look reports. The firm currently has an outperform rating on the stock.

FRES has been the topic of several other reports. Canaccord Genuity Group increased their target price on Fresnillo from GBX 760 ($9.80) to GBX 805 ($10.38) and gave the stock a “hold” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Fresnillo in a research report on Friday, November 22nd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Fresnillo currently has an average rating of “Hold” and an average target price of GBX 750 ($9.67).

Fresnillo Stock Performance

LON FRES opened at GBX 828.50 ($10.68) on Monday. The business’s 50-day moving average price is GBX 707.15 and its 200 day moving average price is GBX 654.10. Fresnillo has a twelve month low of GBX 435.20 ($5.61) and a twelve month high of GBX 839.50 ($10.82). The company has a market capitalization of £7.65 billion, a PE ratio of 30.88, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The company has a current ratio of 5.88, a quick ratio of 3.28 and a debt-to-equity ratio of 23.55.

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.