Fresnillo (LON:FRES) Sets New 52-Week High - Time to Buy?

Fresnillo plc (LON:FRES - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 1,360 ($18.52) and last traded at GBX 1,354 ($18.43), with a volume of 7743710 shares traded. The stock had previously closed at GBX 1,342 ($18.27).

Analysts Set New Price Targets

Several research firms have recently issued reports on FRES. Royal Bank of Canada reaffirmed a "sector perform" rating and set a GBX 880 ($11.98) price objective on shares of Fresnillo in a research report on Thursday, March 13th. Canaccord Genuity Group lifted their price target on Fresnillo from GBX 805 ($10.96) to GBX 980 ($13.34) and gave the stock a "hold" rating in a report on Thursday, April 24th. Finally, Berenberg Bank lifted their price target on Fresnillo from GBX 1,310 ($17.84) to GBX 1,320 ($17.97) and gave the stock a "buy" rating in a report on Wednesday, April 23rd.

Fresnillo Price Performance

The stock has a fifty day simple moving average of GBX 1,076.48 and a 200-day simple moving average of GBX 859.30. The company has a current ratio of 5.88, a quick ratio of 3.28 and a debt-to-equity ratio of 23.55. The company has a market capitalization of £13.06 billion, a PE ratio of 52.70, a P/E/G ratio of -1.58 and a beta of 0.15.

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.