Fresnillo’s (FRES) “Sector Perform” Rating Reiterated at Royal Bank Of Canada

Fresnillo (LON:FRES)‘s stock had its “sector perform” rating reiterated by research analysts at Royal Bank Of Canada in a report issued on Friday,London Stock Exchange reports. They currently have a GBX 3,200 price objective on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 10.84% from the company’s current price.

A number of other brokerages also recently issued reports on FRES. Citigroup boosted their price target on Fresnillo from GBX 4,600 to GBX 5,000 and gave the company a “buy” rating in a report on Monday, April 13th. JPMorgan Chase & Co. cut shares of Fresnillo to an “overweight” rating and dropped their price objective for the stock from GBX 5,400 to GBX 4,700 in a research note on Thursday, July 16th. Berenberg Bank cut their target price on shares of Fresnillo from GBX 3,300 to GBX 2,900 and set a “hold” rating for the company in a report on Wednesday. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 2,700 target price on shares of Fresnillo in a research note on Tuesday. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fresnillo has a consensus rating of “Hold” and a consensus price target of GBX 3,490.

Fresnillo Stock Up 5.4%

Fresnillo stock opened at GBX 2,887 on Friday. The firm has a market cap of £21.27 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of -1.58 and a beta of 0.70. Fresnillo has a 52 week low of GBX 1,617 and a 52 week high of GBX 4,472. The business’s 50-day moving average price is GBX 2,799.79 and its 200 day moving average price is GBX 3,326.17. The company has a quick ratio of 3.28, a current ratio of 6.35 and a debt-to-equity ratio of 16.67.

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.