Fresnillo (LON:FRES) Given “Sector perform” Rating at Royal Bank Of Canada

Royal Bank Of Canada reissued their sector perform rating on shares of Fresnillo (LON:FRES) in a research report report published on Monday,Digital Look reports. Royal Bank Of Canada currently has a GBX 3,200 price target on the stock.

Several other research analysts have also weighed in on the stock. Jefferies Financial Group restated a “hold” rating and set a GBX 2,700 target price on shares of Fresnillo in a research report on Tuesday, August 4th. JPMorgan Chase & Co. lowered Fresnillo to an “overweight” rating and lowered their target price for the company from GBX 5,400 to GBX 4,700 in a report on Thursday, July 16th. Finally, Berenberg Bank decreased their price objective on Fresnillo from GBX 3,300 to GBX 2,900 and set a “hold” rating on the stock in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 3,490.

Fresnillo Stock Performance

Shares of FRES opened at GBX 2,921 on Monday. The company has a quick ratio of 3.28, a current ratio of 6.35 and a debt-to-equity ratio of 16.67. Fresnillo has a 52-week low of GBX 2,000 and a 52-week high of GBX 4,472. The company has a 50-day simple moving average of GBX 2,828.53 and a 200-day simple moving average of GBX 3,160.41. The company has a market capitalization of £21.52 billion, a PE ratio of 9.44, a P/E/G ratio of -1.58 and a beta of 0.77.

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.