Fresnillo plc (LON:FRES) Stock Has Consensus Target Price of GBX 3,516.67

Fresnillo plc (LON:FRES) has received an average rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 3,516.67.

FRES has been the subject of a number of research reports. Berenberg Bank reiterated a “hold” rating and issued a GBX 2,800 price objective on shares of Fresnillo in a report on Thursday, October 22nd. Jefferies Financial Group restated a “hold” rating and set a GBX 2,700 price target on shares of Fresnillo in a report on Tuesday, August 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 3,200 target price on shares of Fresnillo in a research note on Monday, September 14th. JPMorgan Chase & Co. lowered Fresnillo to an “overweight” rating and lowered their price objective for the company from GBX 5,400 to GBX 4,700 in a research report on Thursday, July 16th. Finally, Canaccord Genuity Group reduced their price objective on Fresnillo from GBX 2,900 to GBX 2,700 and set a “hold” rating for the company in a research report on Thursday, October 22nd.

Fresnillo Trading Down 0.5%

Shares of FRES stock opened at GBX 2,364 on Thursday. The company has a market capitalization of £17.42 billion, a PE ratio of 7.64, a price-to-earnings-growth ratio of -1.58 and a beta of 0.81. Fresnillo has a 52-week low of GBX 2,102 and a 52-week high of GBX 4,472. The business’s fifty day moving average is GBX 2,857.24 and its 200 day moving average is GBX 3,202.01. The company has a debt-to-equity ratio of 16.67, a quick ratio of 3.28 and a current ratio of 6.35.

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.