Fresnillo (LON:FRES) Hits New 1-Year High - Here's What Happened

Fresnillo plc (LON:FRES - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The company traded as high as GBX 1,467 ($20.13) and last traded at GBX 1,467 ($20.13), with a volume of 3182395 shares. The stock had previously closed at GBX 1,439 ($19.74).

Analyst Ratings Changes

A number of research firms have recently commented on FRES. Berenberg Bank increased their price objective on shares of Fresnillo from GBX 1,310 ($17.97) to GBX 1,320 ($18.11) and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Canaccord Genuity Group increased their price objective on shares of Fresnillo from GBX 805 ($11.04) to GBX 980 ($13.44) and gave the stock a "hold" rating in a research note on Thursday, April 24th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a GBX 880 ($12.07) price objective on shares of Fresnillo in a research note on Thursday, March 13th.

Fresnillo Stock Performance

The stock's 50 day moving average price is GBX 1,180.07 and its 200 day moving average price is GBX 921.79. 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 £13.24 billion, a price-to-earnings ratio of 53.41, 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.