Fresnillo (LON:FRES) Given Sector perform Rating at Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their sector perform rating on shares of Fresnillo (LON:FRES) in a report released on Friday, MarketBeat.com reports. They currently have a GBX 3,200 price objective on the stock.

FRES has been the subject of a number of other reports. Berenberg Bank decreased their price objective on Fresnillo from GBX 3,300 to GBX 2,900 and set a “hold” rating for the company in a report on Wednesday. JPMorgan Chase & Co. cut Fresnillo to an “overweight” rating and decreased their price target for the company from GBX 5,400 to GBX 4,700 in a research note on Thursday, July 16th. Citigroup raised their price objective on Fresnillo from GBX 4,600 to GBX 5,000 and gave the stock a “buy” rating in a research report on Monday, April 13th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 2,700 price objective on shares of Fresnillo in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Fresnillo has a consensus rating of “Hold” and an average price target of GBX 3,490.

Fresnillo Stock Performance

LON:FRES opened at GBX 2,864 on Friday. The stock’s 50-day moving average is GBX 2,791.35 and its 200-day moving average is GBX 3,322.94. Fresnillo has a 1-year low of GBX 1,617 and a 1-year high of GBX 4,472. 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 stock has a market cap of £21.10 billion, a P/E ratio of 15.25, a price-to-earnings-growth 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.