Fresnillo’s (FRES) “Sector perform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reiterated their sector perform rating on shares of Fresnillo (LON:FRES) in a report issued on Thursday morning,Digital Look reports. The brokerage currently has a GBX 880 ($11.38) target price on the stock.

Several other brokerages have also recently commented on FRES. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Fresnillo in a research report on Friday, November 22nd. Berenberg Bank raised Fresnillo to a “buy” rating and increased their price target for the company from GBX 840 ($10.87) to GBX 1,020 ($13.19) in a research report on Thursday, March 6th. Finally, Canaccord Genuity Group increased their price target on Fresnillo from GBX 760 ($9.83) to GBX 805 ($10.41) and gave the company a “hold” rating in a research report on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 824 ($10.66).

Fresnillo Stock Performance

Shares of LON FRES opened at GBX 916.50 ($11.85) on Thursday. The stock has a 50 day moving average price of GBX 744.14 and a 200 day moving average price of GBX 672.89. Fresnillo has a 52 week low of GBX 435.20 ($5.63) and a 52 week high of GBX 933 ($12.07). The company has a debt-to-equity ratio of 23.55, a quick ratio of 3.28 and a current ratio of 5.88. The stock has a market capitalization of £8.47 billion, a PE ratio of 34.16, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15.

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.