JPMorgan Chase & Co. Cuts Fresnillo (LON:FRES) Price Target to GBX 4,500

Fresnillo (LON:FRES) had its price target decreased by JPMorgan Chase & Co. from GBX 4,700 to GBX 4,500 in a research report report published on Monday, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other research analysts have also recently weighed in on FRES. Citigroup lifted their target price on shares of Fresnillo from GBX 4,000 to GBX 4,600 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Berenberg Bank reissued a “buy” rating and set a GBX 2,600 price target on shares of Fresnillo in a report on Tuesday, November 4th. Finally, 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. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 3,108.

Fresnillo Stock Performance

FRES opened at GBX 4,008 on Monday. The firm has a market cap of £29.53 billion, a P/E ratio of 64.85, a PEG ratio of -1.58 and a beta of 0.15. Fresnillo has a 1-year low of GBX 716 and a 1-year high of GBX 4,472. The company has a 50 day simple moving average of GBX 3,382.36 and a two-hundred day simple moving average of GBX 2,521.81. The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28.

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.