Fresnillo’s (FRES) “Overweight” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their overweight rating on shares of Fresnillo (LON:FRES) in a research report released on Monday morning,London Stock Exchange reports. They currently have a GBX 4,300 price objective on the stock.

A number of other research analysts have also weighed in on FRES. Canaccord Genuity Group raised their price objective on Fresnillo from GBX 980 to GBX 2,440 and gave the company a “hold” rating in a research report on Friday, October 17th. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,600 price target on shares of Fresnillo in a research note on Tuesday, November 4th. Finally, Citigroup raised their price objective on shares of Fresnillo from GBX 2,700 to GBX 3,000 and gave the company a “buy” rating in a research note on Monday, November 24th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Fresnillo currently has an average rating of “Moderate Buy” and an average price target of GBX 2,748.

Fresnillo Stock Down 1.2%

FRES stock traded down GBX 42.15 during midday trading on Monday, hitting GBX 3,457.86. The stock had a trading volume of 2,627,239 shares, compared to its average volume of 7,525,713. Fresnillo has a 52-week low of GBX 634.41 and a 52-week high of GBX 3,678. The firm has a market cap of £25.48 billion, a price-to-earnings ratio of 55.95, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28. The business has a 50-day moving average of GBX 2,753.29 and a two-hundred day moving average of GBX 2,182.90.

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.