Fresnillo (LON:FRES) Reaches New 1-Year High – Should You Buy?

Shares of Fresnillo plc (LON:FRES) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 3,044 and last traded at GBX 2,974.18, with a volume of 5289841 shares traded. The stock had previously closed at GBX 2,924.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FRES. Citigroup upped their target price on Fresnillo from GBX 2,700 to GBX 3,000 and gave the stock a “buy” rating in a research note on Monday, November 24th. Berenberg Bank reissued a “buy” rating and set a GBX 2,600 price objective on shares of Fresnillo in a report on Tuesday, November 4th. Finally, Canaccord Genuity Group upped their price objective on shares of Fresnillo from GBX 980 to GBX 2,440 and gave the stock a “hold” rating in a research report on Friday, October 17th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Fresnillo has an average rating of “Moderate Buy” and a consensus target price of GBX 2,308.

Fresnillo Price Performance

The company has a market capitalization of £23.36 billion, a PE ratio of 51.29, a PEG ratio of -1.58 and a beta of 0.15. The firm has a fifty day moving average of GBX 2,476.75 and a two-hundred day moving average of GBX 1,986.15. The company has a current ratio of 5.88, a quick ratio of 3.28 and a debt-to-equity ratio of 23.55.

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.