Fresnillo plc (LON:FRES) Receives Average Recommendation of “Hold” from Analysts

Shares of Fresnillo plc (LON:FRES) have earned a consensus rating of “Hold” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 3,490.

FRES has been the topic of several research reports. JPMorgan Chase & Co. downgraded Fresnillo to an “overweight” rating and cut their target price for the company from GBX 5,400 to GBX 4,700 in a research report on Thursday, July 16th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 2,700 price target on shares of Fresnillo in a research report on Tuesday, August 4th. Berenberg Bank dropped their price target 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. Finally, 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 Friday, August 7th.

Fresnillo Stock Performance

LON:FRES opened at GBX 3,170 on Friday. Fresnillo has a 12 month low of GBX 1,753 and a 12 month high of GBX 4,472. The firm has a fifty day simple moving average of GBX 2,781.10 and a 200-day simple moving average of GBX 3,226.13. The company has a current ratio of 6.35, a quick ratio of 3.28 and a debt-to-equity ratio of 16.67. The company has a market capitalization of £23.36 billion, a P/E ratio of 16.88, a PEG ratio of -1.58 and a beta of 0.70.

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.