Fresnillo plc (LON:FRES) Stock Has Consensus Price Target of GBX 3,516.67

Shares of Fresnillo plc (LON:FRES) have earned a consensus recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 3,516.67.

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 2,700 price target on shares of Fresnillo in a research note on Tuesday, August 4th. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 3,200 price objective on shares of Fresnillo in a research report on Monday, September 14th. Berenberg Bank restated a “hold” rating and set a GBX 2,800 target price on shares of Fresnillo in a research note on Thursday. Canaccord Genuity Group lowered their target price on Fresnillo from GBX 2,900 to GBX 2,700 and set a “hold” rating for the company in a research note on Thursday. Finally, JPMorgan Chase & Co. lowered Fresnillo to an “overweight” rating and dropped their target price for the stock from GBX 5,400 to GBX 4,700 in a research report on Thursday, July 16th.

Fresnillo Price Performance

Shares of FRES stock opened at GBX 2,500 on Thursday. The company has a market capitalization of £18.42 billion, a PE ratio of 8.08, a price-to-earnings-growth ratio of -1.58 and a beta of 0.81. The firm has a fifty day simple moving average of GBX 2,911.37 and a 200-day simple moving average of GBX 3,017.70. The company has a current ratio of 6.35, a quick ratio of 3.28 and a debt-to-equity ratio of 16.67. Fresnillo has a twelve month low of GBX 2,012 and a twelve month high of GBX 4,472.

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.