Brokerages Set Fresnillo plc (LON:FRES) Price Target at GBX 3,490

Fresnillo plc (LON:FRES) has been assigned a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 3,490.

A number of research analysts have weighed in on FRES shares. JPMorgan Chase & Co. lowered Fresnillo to an “overweight” rating and decreased their price objective for the company from GBX 5,400 to GBX 4,700 in a report on Thursday, July 16th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 3,200 target price on shares of Fresnillo in a research report on Friday, August 7th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 2,700 price target on shares of Fresnillo in a research note on Tuesday, August 4th. Finally, Berenberg Bank lowered their price target on shares of Fresnillo from GBX 3,300 to GBX 2,900 and set a “hold” rating on the stock in a research report on Wednesday, August 5th.

Fresnillo Stock Performance

LON FRES opened at GBX 3,146 on Friday. The company has a debt-to-equity ratio of 16.67, a current ratio of 6.35 and a quick ratio of 3.28. The stock’s 50 day simple moving average is GBX 2,804.83 and its 200-day simple moving average is GBX 3,201.80. The company has a market cap of £23.18 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of -1.58 and a beta of 0.77. Fresnillo has a 1-year low of GBX 2,000 and a 1-year high of GBX 4,472.

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.