Shares of Fresnillo Plc (LON:FRES) have been assigned an average rating of “Buy” from the twelve research firms that are covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 1,035.13 ($13.53).
FRES has been the subject of a number of research analyst reports. UBS Group reaffirmed a “buy” rating on shares of Fresnillo in a report on Monday, February 11th. Numis Securities restated a “buy” rating on shares of Fresnillo in a research report on Wednesday, May 1st. Goldman Sachs Group boosted their target price on Fresnillo from GBX 1,125 ($14.70) to GBX 1,300 ($16.99) and gave the stock a “conviction-buy” rating in a research report on Friday, February 22nd. Morgan Stanley upgraded Fresnillo to an “equal weight” rating in a research report on Tuesday, March 26th. Finally, Barclays restated an “equal weight” rating on shares of Fresnillo in a research note on Monday, February 25th.
Shares of FRES stock opened at GBX 726.80 ($9.50) on Monday. Fresnillo has a 12 month low of GBX 712.60 ($9.31) and a 12 month high of GBX 1,364.50 ($17.83). The company has a debt-to-equity ratio of 25.58, a quick ratio of 6.37 and a current ratio of 8.11. The company has a market cap of $5.36 billion and a price-to-earnings ratio of 15.30.
Fresnillo Company Profile
Fresnillo Plc mines, develops, and produces non-ferrous minerals in Mexico. It primarily explores for silver, gold, lead, and zinc concentrates. The company's operating mines include the Fresnillo, Saucito, Ciénega, Herradura, Soledad-Dipolos, Noche Buena, and San Julián; development projects comprise the Pyrites Plant, and second line of the DLP at Herradura; and advanced exploration projects consist of the Juanicipio, Las Casas, Cebollitas Cluster, Centauro Deep, Centauro Pit Expansion as part of Herradura, and Orisyvo.
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