Fresnillo (LON:FRES) Reaches New 12-Month High – Should You Buy?

Shares of Fresnillo plc (LON:FRES) reached a new 52-week high on Thursday . The company traded as high as GBX 839.50 ($10.82) and last traded at GBX 836.22 ($10.78), with a volume of 3174462 shares traded. The stock had previously closed at GBX 828.50 ($10.68).

Analyst Ratings Changes

A number of analysts have recently weighed in on FRES shares. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Fresnillo in a research report on Friday, November 22nd. Royal Bank of Canada lifted their price objective on shares of Fresnillo from GBX 800 ($10.31) to GBX 810 ($10.44) and gave the stock an “outperform” rating in a report on Monday. Finally, Canaccord Genuity Group lifted their price objective on shares of Fresnillo from GBX 760 ($9.80) to GBX 805 ($10.38) and gave the stock a “hold” rating in a report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 750 ($9.67).

Fresnillo Trading Down 0.5 %

The company has a market cap of £7.62 billion, a price-to-earnings ratio of 30.73, a P/E/G ratio of -1.58 and a beta of 0.15. The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28. The firm’s fifty day moving average price is GBX 707.15 and its 200-day moving average price is GBX 654.10.

Fresnillo Company Profile

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.