Fresnillo plc (LON:FRES) Receives Consensus Rating of “Hold” from Analysts

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

A number of equities research analysts recently issued reports on FRES shares. Berenberg Bank lowered 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, August 5th. JPMorgan Chase & Co. downgraded shares of Fresnillo to an “overweight” rating and decreased their price target for the stock from GBX 5,400 to GBX 4,700 in a research 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. Jefferies Financial Group reiterated a “hold” rating and set a GBX 2,700 price objective on shares of Fresnillo in a research note on Tuesday, August 4th. Finally, Citigroup increased their price objective on shares of Fresnillo from GBX 4,600 to GBX 5,000 and gave the stock a “buy” rating in a report on Monday, April 13th.

Fresnillo Stock Down 1.3%

FRES opened at GBX 2,925 on Tuesday. The company has a debt-to-equity ratio of 16.67, a quick ratio of 3.28 and a current ratio of 6.35. The business’s fifty day moving average is GBX 2,785.77 and its two-hundred day moving average is GBX 3,311.14. Fresnillo has a one year low of GBX 1,617 and a one year high of GBX 4,472. The company has a market cap of £21.55 billion, a price-to-earnings ratio of 15.58, a PEG ratio of -1.58 and a beta of 0.70.

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.