Fresnillo (LON:FRES) Price Target Raised to GBX 805

Fresnillo (LON:FRES) had its price target lifted by Canaccord Genuity Group from GBX 760 ($9.63) to GBX 805 ($10.20) in a research note published on Tuesday morning, MarketBeat.com reports. Canaccord Genuity Group currently has a hold rating on the stock.

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Fresnillo in a research report on Friday, November 22nd.

Fresnillo Stock Performance

Shares of FRES stock opened at GBX 739 ($9.37) on Tuesday. The company has a market cap of £6.83 billion, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. Fresnillo has a 52 week low of GBX 435.20 ($5.52) and a 52 week high of GBX 839.50 ($10.64). The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 23.55. The firm has a 50 day moving average of GBX 695.25 and a 200-day moving average of GBX 647.99.

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.