Fresnillo plc (LON:FRES) Given Average Rating of “Hold” by Brokerages

Shares of Fresnillo plc (LON:FRES) have been assigned an average recommendation of “Hold” from the six research firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is GBX 3,556.67.

A number of brokerages have commented on FRES. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 3,200 price objective on shares of Fresnillo in a research note on Thursday, July 23rd. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 2,700 price target on shares of Fresnillo in a report on Tuesday. JPMorgan Chase & Co. lowered Fresnillo to an “overweight” rating and dropped their price target for the stock from GBX 5,400 to GBX 4,700 in a research report on Thursday, July 16th. Citigroup upped their price objective on Fresnillo from GBX 4,600 to GBX 5,000 and gave the company a “buy” rating in a research report on Monday, April 13th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 3,300 target price on shares of Fresnillo in a report on Thursday, July 23rd.

Fresnillo Stock Up 2.5%

LON FRES opened at GBX 2,559.50 on Tuesday. The company has a debt-to-equity ratio of 18.37, a quick ratio of 3.28 and a current ratio of 4.35. The company has a market capitalization of £18.86 billion, a P/E ratio of 13.63, a P/E/G ratio of -1.58 and a beta of 0.70. Fresnillo has a one year low of GBX 1,483 and a one year high of GBX 4,472. The stock has a 50 day moving average price of GBX 2,832.12 and a 200-day moving average price of GBX 3,348.10.

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.