Fresnillo (LON:FRES) Price Target Raised to GBX 810

Fresnillo (LON:FRES) had its target price raised by Royal Bank of Canada from GBX 800 ($10.31) to GBX 810 ($10.44) in a research report released on Monday,Digital Look reports. The brokerage currently has an outperform rating on the stock.

FRES has been the topic of several other research reports. Canaccord Genuity Group upped their target price on Fresnillo from GBX 760 ($9.80) to GBX 805 ($10.38) and gave the company a “hold” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Fresnillo in a report on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Fresnillo currently has a consensus rating of “Hold” and a consensus price target of GBX 750 ($9.67).

Fresnillo Stock Up 6.2 %

Fresnillo stock opened at GBX 828.50 ($10.68) on Monday. The company has a debt-to-equity ratio of 23.55, a quick ratio of 3.28 and a current ratio of 5.88. The firm has a market capitalization of £7.65 billion, a price-to-earnings ratio of 30.88, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. Fresnillo has a fifty-two week low of GBX 435.20 ($5.61) and a fifty-two week high of GBX 839.50 ($10.82). The stock’s fifty day moving average is GBX 707.15 and its two-hundred day moving average is GBX 654.10.

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.