Fresnillo (LON:FRES) Hits New 1-Year High – Here’s Why

Fresnillo plc (LON:FRES) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 3,376 and last traded at GBX 3,298, with a volume of 8684644 shares trading hands. The stock had previously closed at GBX 3,200.

Analyst Upgrades and Downgrades

FRES has been the topic of several recent analyst reports. Canaccord Genuity Group upped their price objective on Fresnillo from GBX 980 to GBX 2,440 and gave the stock a “hold” rating in a research note on Friday, October 17th. Citigroup boosted their target price on shares of Fresnillo from GBX 2,700 to GBX 3,000 and gave the stock a “buy” rating in a report on Monday, November 24th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 2,600 price target on shares of Fresnillo in a research note on Tuesday, November 4th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Fresnillo presently has an average rating of “Moderate Buy” and an average price target of GBX 2,308.

Fresnillo Price Performance

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 company has a market capitalization of £24.42 billion, a P/E ratio of 53.61, a P/E/G ratio of -1.58 and a beta of 0.15. The company has a 50 day moving average price of GBX 2,603.38 and a 200 day moving average price of GBX 2,103.

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.