Fresnillo (LON:FRES) Hits New 52-Week High – Time to Buy?

Fresnillo plc (LON:FRES) reached a new 52-week high on Wednesday . The company traded as high as GBX 881.95 ($11.42) and last traded at GBX 881.95 ($11.42), with a volume of 1527952 shares traded. The stock had previously closed at GBX 854 ($11.06).

Wall Street Analyst Weigh In

Several equities analysts have commented on FRES shares. Royal Bank of Canada increased their target price on shares of Fresnillo from GBX 800 ($10.36) to GBX 810 ($10.49) and gave the stock an “outperform” rating in a research report on Monday, March 3rd. Canaccord Genuity Group increased their target price on shares of Fresnillo from GBX 760 ($9.84) to GBX 805 ($10.42) and gave the stock a “hold” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Fresnillo in a research report on Friday, November 22nd. Finally, Berenberg Bank raised shares of Fresnillo to a “buy” rating and increased their target price for the stock from GBX 840 ($10.88) to GBX 1,020 ($13.21) in a research report on Thursday, March 6th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Fresnillo presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 810 ($10.49).

Fresnillo Trading Up 3.2 %

The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 23.55. The firm has a market cap of £8.14 billion, a price-to-earnings ratio of 32.86, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The business’s fifty day moving average is GBX 728.36 and its two-hundred day moving average is GBX 664.51.

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.