Fresnillo plc (LON:FRES) Stock Has Average Price Target of GBX 3,490

Fresnillo plc (LON:FRES) has been assigned a consensus rating of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 3,490.

Several equities research analysts have recently weighed in on FRES shares. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 2,700 price objective on shares of Fresnillo in a research note on Tuesday, August 4th. JPMorgan Chase & Co. downgraded Fresnillo to an “overweight” rating and cut their target price for the stock from GBX 5,400 to GBX 4,700 in a research report on Thursday, July 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 3,200 price target on shares of Fresnillo in a research note on Monday, September 14th. Finally, Berenberg Bank lowered their price target on Fresnillo from GBX 3,300 to GBX 2,900 and set a “hold” rating on the stock in a research report on Wednesday, August 5th.

Fresnillo Stock Performance

LON:FRES opened at GBX 2,732 on Wednesday. The firm has a market capitalization of £20.13 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of -1.58 and a beta of 0.77. The company has a quick ratio of 3.28, a current ratio of 6.35 and a debt-to-equity ratio of 16.67. Fresnillo has a 12-month low of GBX 2,000 and a 12-month high of GBX 4,472. The firm has a 50-day moving average price of GBX 2,902.33 and a 200 day moving average price of GBX 3,084.91.

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.