Fresnillo (LON:FRES) Earns “Sector perform” Rating from Royal Bank Of Canada

Fresnillo (LON:FRES)‘s stock had its “sector perform” rating reissued by analysts at Royal Bank Of Canada in a note issued to investors on Monday, Digital Look reports. They currently have a GBX 3,200 price target on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 9.55% from the stock’s previous close.

Several other brokerages have also recently issued reports on FRES. JPMorgan Chase & Co. cut Fresnillo to an “overweight” rating and cut their price objective for the company from GBX 5,400 to GBX 4,700 in a research note on Thursday, July 16th. Berenberg Bank lowered their price target on Fresnillo from GBX 3,300 to GBX 2,900 and set a “hold” rating for the company in a report on Wednesday, August 5th. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 2,700 price target on shares of Fresnillo in a research report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Fresnillo has a consensus rating of “Hold” and an average target price of GBX 3,490.

Fresnillo Stock Performance

Shares of FRES stock opened at GBX 2,921 on Monday. The company has a debt-to-equity ratio of 16.67, a quick ratio of 3.28 and a current ratio of 6.35. Fresnillo has a one year low of GBX 2,000 and a one year high of GBX 4,472. The company’s 50-day simple moving average is GBX 2,828.53 and its 200-day simple moving average is GBX 3,160.41. The stock has a market capitalization of £21.52 billion, a price-to-earnings ratio of 9.44, a PEG ratio of -1.58 and a beta of 0.77.

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.