Fresnillo (LON:FRES) Hits New 52-Week High - Here's What Happened

Fresnillo plc (LON:FRES - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as GBX 1,499 ($20.47) and last traded at GBX 1,493 ($20.39), with a volume of 1456633 shares. The stock had previously closed at GBX 1,465.14 ($20.01).

Analysts Set New Price Targets

A number of brokerages have commented on FRES. Canaccord Genuity Group boosted their target price on shares of Fresnillo from GBX 805 ($10.99) to GBX 980 ($13.38) and gave the stock a "hold" rating in a report on Thursday, April 24th. Royal Bank Of Canada restated a "sector perform" rating and set a GBX 880 ($12.02) price objective on shares of Fresnillo in a report on Thursday, March 13th. Finally, Berenberg Bank cut their price target on shares of Fresnillo from GBX 1,630 ($22.26) to GBX 1,620 ($22.12) and set a "buy" rating on the stock in a report on Wednesday, July 2nd.

Fresnillo Trading Up 1.6%

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 50-day simple moving average of GBX 1,224.92 and a 200 day simple moving average of GBX 949.93. The firm has a market cap of £13.75 billion, a PE ratio of 55.50, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15.

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.

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