Citigroup Issues Positive Forecast for Fresnillo (LON:FRES) Stock Price

Fresnillo (LON:FRES) had its target price upped by Citigroup from GBX 4,600 to GBX 5,000 in a research note issued on Monday,Digital Look reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target points to a potential upside of 41.40% from the stock’s previous close.

Several other equities analysts have also recently commented on the stock. Berenberg Bank cut shares of Fresnillo to a “hold” rating and lifted their target price for the stock from GBX 3,400 to GBX 3,800 in a research report on Thursday, February 5th. JPMorgan Chase & Co. dropped their target price on shares of Fresnillo from GBX 5,500 to GBX 5,400 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 3,608.

Fresnillo Price Performance

FRES stock opened at GBX 3,536 on Monday. The company has a market capitalization of £26.06 billion, a P/E ratio of 18.83, a price-to-earnings-growth ratio of -1.58 and a beta of 0.78. The company has a debt-to-equity ratio of 18.37, a quick ratio of 3.28 and a current ratio of 4.35. Fresnillo has a 52-week low of GBX 937 and a 52-week high of GBX 4,472. The business has a 50-day simple moving average of GBX 3,632.77 and a two-hundred day simple moving average of GBX 3,125.94.

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.