Fresnillo’s (FRES) “Hold” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reissued their hold rating on shares of Fresnillo (LON:FRES) in a research note released on Tuesday,Digital Look reports. Jefferies Financial Group currently has a GBX 2,700 price target on the stock.

Several other brokerages have also weighed in on FRES. Berenberg Bank restated a “hold” rating and issued a GBX 3,300 price target on shares of Fresnillo in a research note on Thursday, July 23rd. JPMorgan Chase & Co. downgraded Fresnillo to an “overweight” rating and lowered their price target for the stock from GBX 5,400 to GBX 4,700 in a research report on Thursday, July 16th. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 3,200 price objective on shares of Fresnillo in a report on Thursday, July 23rd. Finally, Citigroup boosted their price objective on Fresnillo from GBX 4,600 to GBX 5,000 and gave the company a “buy” rating in a research report on Monday, April 13th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 3,490.

Fresnillo Stock Down 0.3%

FRES opened at GBX 2,738 on Tuesday. The company has a fifty day moving average of GBX 2,799.79 and a two-hundred day moving average of GBX 3,326.17. The stock has a market capitalization of £20.18 billion, a price-to-earnings ratio of 14.58, a PEG ratio of -1.58 and a beta of 0.70. Fresnillo has a fifty-two week low of GBX 1,617 and a fifty-two week 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.

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.