Fresnillo (LON:FRES) Lowered to “Overweight” Rating by JPMorgan Chase & Co.

Fresnillo (LON:FRES) was downgraded by equities research analysts at JPMorgan Chase & Co. to an “overweight” rating in a research report issued on Thursday,Digital Look reports. They currently have a GBX 4,700 price objective on the stock, down from their prior price objective of GBX 5,400. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 86.58% from the stock’s current price.

A number of other brokerages have also recently commented on FRES. Citigroup increased their target price on Fresnillo from GBX 4,600 to GBX 5,000 and gave the company a “buy” rating in a report on Monday, April 13th. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 3,700 price objective on shares of Fresnillo in a research report on Monday, April 27th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 3,400 price objective on shares of Fresnillo in a research note on Thursday, April 23rd. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 3,848.

Fresnillo Trading Up 0.2%

Shares of FRES opened at GBX 2,519 on Thursday. The company has a debt-to-equity ratio of 18.37, a current ratio of 4.35 and a quick ratio of 3.28. The firm has a 50 day simple moving average of GBX 3,078.65 and a 200-day simple moving average of GBX 3,434.47. Fresnillo has a 1-year low of GBX 1,371 and a 1-year high of GBX 4,472. The stock has a market cap of £18.56 billion, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of -1.58 and a beta of 0.72.

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.