Fresnillo (LON:FRES) Stock Gets Price Target Reduction from Canaccord Genuity Group

Fresnillo (LON:FRES) had its target price lowered by Canaccord Genuity Group from GBX 2,900 to GBX 2,700 in a research report released on Thursday morning,Digital Look reports. The firm currently has a hold rating on the stock.

Other equities research analysts have also issued reports about the stock. Berenberg Bank restated a “hold” rating and issued a GBX 2,800 price objective on shares of Fresnillo in a report on Thursday. JPMorgan Chase & Co. cut shares of Fresnillo to an “overweight” rating and cut their price objective for the company from GBX 5,400 to GBX 4,700 in a research note on Thursday, July 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 3,200 target price on shares of Fresnillo in a report on Monday, September 14th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 2,700 target price on shares of Fresnillo in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of GBX 3,516.67.

Fresnillo Stock Performance

Shares of LON FRES opened at GBX 2,309 on Thursday. The stock has a market cap of £17.01 billion, a price-to-earnings ratio of 7.46, a P/E/G ratio of -1.58 and a beta of 0.81. The stock’s 50-day moving average is GBX 2,891.80 and its 200 day moving average is GBX 3,005.94. The company has a current ratio of 6.35, a quick ratio of 3.28 and a debt-to-equity ratio of 16.67. Fresnillo has a 1-year low of GBX 2,012 and a 1-year high of GBX 4,472.

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.