JPMorgan Chase & Co. Raises Fresnillo (LON:FRES) Price Target to GBX 4,700

Fresnillo (LON:FRES) had its price target increased by equities research analysts at JPMorgan Chase & Co. from GBX 4,300 to GBX 4,700 in a research note issued on Monday,Digital Look reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 18.15% from the stock’s current price.

FRES has been the topic of a number of other research reports. Berenberg Bank restated a “buy” rating and set a GBX 2,600 price target on shares of Fresnillo in a report on Tuesday, November 4th. Citigroup boosted their target price on shares of Fresnillo from GBX 4,000 to GBX 4,600 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Finally, Canaccord Genuity Group increased their target price on Fresnillo from GBX 980 to GBX 2,440 and gave the company a “hold” rating in a report on Friday, October 17th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of GBX 3,148.

Fresnillo Trading Up 6.5%

LON FRES traded up GBX 241.25 on Monday, hitting GBX 3,978. 1,145,023 shares of the company were exchanged, compared to its average volume of 3,906,438. The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28. Fresnillo has a twelve month low of GBX 656.50 and a twelve month high of GBX 3,996. The firm has a market capitalization of £29.31 billion, a P/E ratio of 64.37, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The company’s 50 day moving average price is GBX 2,959.66 and its 200-day moving average price is GBX 2,297.73.

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.