Fresnillo (FRES) Rating Reiterated by Royal Bank of Canada
Royal Bank of Canada reiterated their top pick rating on shares of Fresnillo (LON:FRES) in a research report report published on Wednesday, ThisIsMoney.Co.Uk reports.
Several other brokerages also recently commented on FRES. Goldman Sachs Group upped their target price on Fresnillo from GBX 1,125 ($14.70) to GBX 1,300 ($16.99) and gave the company a conviction-buy rating in a report on Friday, February 22nd. Barclays reaffirmed an equal weight rating on shares of Fresnillo in a report on Monday, February 25th. UBS Group reaffirmed a buy rating on shares of Fresnillo in a report on Monday, February 25th. JPMorgan Chase & Co. reduced their target price on Fresnillo from GBX 1,150 ($15.03) to GBX 1,100 ($14.37) and set a neutral rating for the company in a report on Thursday, January 31st. Finally, Morgan Stanley raised Fresnillo to an equal weight rating in a report on Tuesday, March 26th. Six analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Fresnillo has a consensus rating of Buy and a consensus price target of GBX 1,043.83 ($13.64).
Shares of LON FRES opened at GBX 726.80 ($9.50) on Wednesday. Fresnillo has a 12 month low of GBX 712.60 ($9.31) and a 12 month high of GBX 1,364.50 ($17.83). The firm has a market cap of $5.36 billion and a PE ratio of 15.30. The company has a debt-to-equity ratio of 25.58, a current ratio of 8.11 and a quick ratio of 6.37.
Fresnillo Plc mines, develops, and produces non-ferrous minerals in Mexico. It primarily explores for silver, gold, lead, and zinc concentrates. The company's operating mines include the Fresnillo, Saucito, Ciénega, Herradura, Soledad-Dipolos, Noche Buena, and San Julián; development projects comprise the Pyrites Plant, and second line of the DLP at Herradura; and advanced exploration projects consist of the Juanicipio, Las Casas, Cebollitas Cluster, Centauro Deep, Centauro Pit Expansion as part of Herradura, and Orisyvo.
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