Fresnillo (LON:FRES) Given New GBX 2,100 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has raised its price target for Fresnillo from GBX 1,850 to GBX 2,100, indicating a potential upside of 24.93%.
• Other analysts, including Citigroup and Canaccord Genuity, have also raised their price targets, with a consensus rating of Moderate Buy and an average target of GBX 1,472.
• Fresnillo plc is recognized as the world’s largest silver producer and Mexico’s largest gold producer, focused on developing low-cost, world-class mining projects.

Fresnillo (LON:FRES - Get Free Report) had its price target hoisted by equities research analysts at JPMorgan Chase & Co. from GBX 1,850 ($24.71) to GBX 2,100 ($28.05) in a research note issued to investors on Thursday, MarketBeat.com reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price points to a potential upside of 24.93% from the stock's current price.

A number of other equities analysts have also weighed in on FRES. Citigroup upped their price objective on Fresnillo from GBX 1,300 ($17.37) to GBX 1,700 ($22.71) and gave the stock a "buy" rating in a research note on Thursday, July 10th. Canaccord Genuity Group increased their price target on Fresnillo from GBX 805 ($10.75) to GBX 980 ($13.09) and gave the company a "hold" rating in a research note on Thursday, April 24th. Finally, Berenberg Bank increased their price target on Fresnillo from GBX 1,620 ($21.64) to GBX 1,700 ($22.71) and gave the company a "buy" rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of GBX 1,472 ($19.66).

Fresnillo Stock Performance

LON FRES opened at GBX 1,681 ($22.46) on Thursday. The firm has a market cap of £15.53 billion, a price-to-earnings ratio of 62.65, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 23.55. The business has a 50-day moving average price of GBX 1,419.86 and a 200-day moving average price of GBX 1,076.02. Fresnillo has a twelve month low of GBX 502 ($6.71) and a twelve month high of GBX 1,738 ($23.22).

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.

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