Fresnillo (LON:FRES) Reaches New 52-Week High – What’s Next?

Fresnillo plc (LON:FRES) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 3,288 and last traded at GBX 3,260, with a volume of 945583 shares trading hands. The stock had previously closed at GBX 3,170.

Analysts Set New Price Targets

A number of brokerages recently commented on FRES. Berenberg Bank restated a “buy” rating and issued a GBX 2,600 price target on shares of Fresnillo in a research report on Tuesday, November 4th. Canaccord Genuity Group raised their target price on Fresnillo from GBX 980 to GBX 2,440 and gave the company a “hold” rating in a report on Friday, October 17th. Finally, Citigroup boosted their price target on Fresnillo from GBX 2,700 to GBX 3,000 and gave the stock a “buy” rating in a report on Monday, November 24th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Fresnillo has a consensus rating of “Moderate Buy” and an average target price of GBX 2,308.

Fresnillo Price Performance

The stock has a market cap of £23.86 billion, a P/E ratio of 52.39, a P/E/G ratio of -1.58 and a beta of 0.15. The business has a 50 day simple moving average of GBX 2,505.99 and a 200-day simple moving average of GBX 2,023.78. The company has a debt-to-equity ratio of 23.55, a quick ratio of 3.28 and a current ratio of 5.88.

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.