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

Fresnillo plc (LON:FRES - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 1,558 ($20.92) and last traded at GBX 1,557 ($20.91), with a volume of 3690592 shares changing hands. The stock had previously closed at GBX 1,516 ($20.36).

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of Fresnillo from GBX 1,300 ($17.46) to GBX 1,700 ($22.83) and gave the stock a "buy" rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. increased their price objective on shares of Fresnillo from GBX 1,450 ($19.47) to GBX 1,850 ($24.84) and gave the stock an "overweight" rating in a research report on Tuesday. Berenberg Bank lowered their price objective on shares of Fresnillo from GBX 1,630 ($21.89) to GBX 1,620 ($21.75) and set a "buy" rating for the company in a research report on Wednesday, July 2nd. Finally, Canaccord Genuity Group increased their price objective on shares of Fresnillo from GBX 805 ($10.81) to GBX 980 ($13.16) and gave the stock a "hold" rating in a research report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Fresnillo presently has an average rating of "Moderate Buy" and an average price target of GBX 1,406 ($18.88).

Fresnillo Trading Down 0.8%

The stock has a market cap of £13.49 billion, a price-to-earnings ratio of 54.41, a PEG 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's 50 day simple moving average is GBX 1,308.12 and its 200 day simple moving average is GBX 998.37.

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.