Fresnillo (LON:FRES) Reaches New 52-Week High – Still a Buy?

Fresnillo plc (LON:FRES)’s stock price reached a new 52-week high on Friday . The stock traded as high as GBX 2,660 and last traded at GBX 2,644, with a volume of 3117762 shares trading hands. The stock had previously closed at GBX 2,584.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FRES shares. Canaccord Genuity Group raised their price target on shares of Fresnillo from GBX 980 to GBX 2,440 and gave the stock a “hold” rating in a report on Friday, October 17th. Berenberg Bank reissued a “buy” rating and set a GBX 2,600 target price on shares of Fresnillo in a research note on Tuesday, November 4th. Citigroup upped their price target on Fresnillo from GBX 2,700 to GBX 3,000 and gave the company a “buy” rating in a research note on Monday. Royal Bank Of Canada raised their price objective on Fresnillo from GBX 1,200 to GBX 1,400 and gave the stock a “sector perform” rating in a research report on Monday, August 11th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Fresnillo from GBX 1,850 to GBX 2,100 and gave the company an “overweight” rating in a report on Thursday, August 7th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,308.

Fresnillo Stock Performance

The stock’s fifty day simple moving average is GBX 2,330.68 and its 200-day simple moving average is GBX 1,804.60. The company has a market capitalization of £19.35 billion, a price-to-earnings ratio of 42.49, 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.

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.