Royal Bank Of Canada Reaffirms “Sector perform” Rating for Fresnillo (LON:FRES)

Fresnillo (LON:FRES)‘s stock had its “sector perform” rating restated by stock analysts at Royal Bank Of Canada in a note issued to investors on Thursday,Digital Look reports. They presently have a GBX 3,200 price objective on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 23.50% from the stock’s previous close.

Several other research analysts have also recently weighed in on the stock. Citigroup upped their price target on shares of Fresnillo from GBX 4,600 to GBX 5,000 and gave the stock a “buy” rating in a report on Monday, April 13th. Berenberg Bank restated a “hold” rating and set a GBX 3,300 target price on shares of Fresnillo in a research report on Thursday. Finally, JPMorgan Chase & Co. lowered Fresnillo to an “overweight” rating and decreased their target price for the stock from GBX 5,400 to GBX 4,700 in a research note on Thursday, July 16th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of GBX 3,728.

Fresnillo Price Performance

Fresnillo stock opened at GBX 2,591 on Thursday. The company has a debt-to-equity ratio of 18.37, a current ratio of 4.35 and a quick ratio of 3.28. The firm has a market capitalization of £19.09 billion, a P/E ratio of 13.80, a PEG ratio of -1.58 and a beta of 0.72. Fresnillo has a one year low of GBX 1,371 and a one year high of GBX 4,472. The business has a fifty day moving average price of GBX 2,962.02 and a 200-day moving average price of GBX 3,406.63.

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.