Royal Bank of Canada Reiterates Sector Performer Rating for Fresnillo (LON:FRES)

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Fresnillo (LON:FRES)‘s stock had its “sector performer” rating restated by equities researchers at Royal Bank of Canada in a research note issued to investors on Monday, Digital Look reports.

A number of other research firms have also recently commented on FRES. Morgan Stanley decreased their target price on shares of Fresnillo from GBX 800 ($10.45) to GBX 700 ($9.15) and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. BMO Capital Markets reissued a “market perform” rating on shares of Fresnillo in a research report on Friday, September 27th. JPMorgan Chase & Co. increased their target price on shares of Fresnillo from GBX 700 ($9.15) to GBX 800 ($10.45) and gave the company a “neutral” rating in a research report on Thursday, September 12th. UBS Group increased their target price on shares of Fresnillo from GBX 725 ($9.47) to GBX 750 ($9.80) and gave the company a “neutral” rating in a research report on Thursday, September 26th. Finally, Bank of America reissued a “buy” rating and set a GBX 860 ($11.24) target price on shares of Fresnillo in a research report on Tuesday, October 8th. Nine analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 877.36 ($11.46).

LON:FRES opened at GBX 610.60 ($7.98) on Monday. Fresnillo has a 52 week low of GBX 570 ($7.45) and a 52 week high of GBX 1,028 ($13.43). The firm has a 50 day moving average of GBX 699.79 and a 200 day moving average of GBX 764.10. The company has a quick ratio of 5.37, a current ratio of 7.40 and a debt-to-equity ratio of 26.08. The stock has a market capitalization of $4.59 billion and a price-to-earnings ratio of 23.67.

In related news, insider Charles Jacobs purchased 1,600 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was acquired at an average price of GBX 626 ($8.18) per share, with a total value of £10,016 ($13,087.68).

About Fresnillo

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.

Further Reading: Understanding debt-to-equity ratio in fundamental analysis

Analyst Recommendations for Fresnillo (LON:FRES)

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