JPMorgan Chase & Co. Reaffirms “Overweight” Rating for Fresnillo (LON:FRES)

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Fresnillo (LON:FRES) in a research note released on Friday morning, Marketbeat.com reports.

Separately, Berenberg Bank boosted their price target on shares of Fresnillo from GBX 620 ($7.77) to GBX 720 ($9.03) and gave the stock a “hold” rating in a research note on Thursday, October 24th.

Fresnillo Trading Up 0.8 %

Shares of FRES stock opened at GBX 652.50 ($8.18) on Friday. Fresnillo has a fifty-two week low of GBX 435.20 ($5.46) and a fifty-two week high of GBX 782 ($9.80). The company has a 50 day moving average price of GBX 657.05 and a 200 day moving average price of GBX 601.83. The stock has a market capitalization of £4.81 billion, a P/E ratio of 2,718.75, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The company has a debt-to-equity ratio of 21.66, a quick ratio of 3.28 and a current ratio of 5.88.

About Fresnillo

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Juanicipio. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include the Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; San Julián silver-gold mine situated on the border of Chihuahua/Durango states; and Juanicipio mine located in the state of Zacatecas.