Fresnillo plc (LON:FRES) Stock Has Average Target Price of GBX 3,490 According to Analysts

Fresnillo plc (LON:FRES) has been assigned an average recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 3,490.

FRES has been the topic of a number of recent research reports. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 2,700 price target on shares of Fresnillo in a research note on Tuesday, August 4th. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 3,200 target price on shares of Fresnillo in a report on Monday, September 14th. Berenberg Bank decreased their target price on shares of Fresnillo from GBX 3,300 to GBX 2,900 and set a “hold” rating on the stock in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. cut shares of Fresnillo to an “overweight” rating and decreased their target price for the company from GBX 5,400 to GBX 4,700 in a research report on Thursday, July 16th.

Fresnillo Stock Up 2.4%

LON FRES opened at GBX 2,890 on Wednesday. The stock has a 50 day moving average price of GBX 2,893.45 and a 200-day moving average price of GBX 3,101.82. Fresnillo has a one year low of GBX 2,000 and a one year high of GBX 4,472. The company has a debt-to-equity ratio of 16.67, a quick ratio of 3.28 and a current ratio of 6.35. The company has a market capitalization of £21.30 billion, a P/E ratio of 9.34, a P/E/G ratio of -1.58 and a beta of 0.77.

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.