Fresnillo (LON:FRES) Rating Lowered to “Overweight” at JPMorgan Chase & Co.

Fresnillo (LON:FRES) was downgraded by analysts at JPMorgan Chase & Co. to an “overweight” rating in a research note issued to investors on Thursday,Digital Look reports. They presently have a GBX 4,700 target price on the stock, down from their previous target price of GBX 5,400. JPMorgan Chase & Co.‘s target price points to a potential upside of 86.58% from the stock’s previous close.

A number of other research firms have also recently weighed in on FRES. Citigroup upped their price target on shares of Fresnillo from GBX 4,600 to GBX 5,000 and gave the stock a “buy” rating in a research note on Monday, April 13th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 3,700 price objective on shares of Fresnillo in a research note on Monday, April 27th. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 3,400 price objective on shares of Fresnillo in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Fresnillo has an average rating of “Hold” and an average target price of GBX 3,848.

Fresnillo Trading Up 0.2%

Shares of FRES stock opened at GBX 2,519 on Thursday. The business’s fifty day moving average price is GBX 3,078.65 and its 200 day moving average price is GBX 3,434.47. The firm has a market capitalization of £18.56 billion, a PE ratio of 13.41, a P/E/G ratio of -1.58 and a beta of 0.72. The company has a debt-to-equity ratio of 18.37, a current ratio of 4.35 and a quick ratio of 3.28. Fresnillo has a 1-year low of GBX 1,371 and a 1-year high of GBX 4,472.

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.