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

Fresnillo logo with Basic Materials background

Key Points

  • Fresnillo plc's stock recently reached a new 52-week high, trading at GBX 2,186 ($29.61) during the day and closing at GBX 2,178 ($29.50).
  • Analysts' ratings for Fresnillo have improved, with several firms raising their price targets; the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 1,576.
  • Fresnillo is the world's largest silver producer and aims to develop high-potential silver and gold projects into low-cost mines, focusing on consolidating growth after a decade of progress.
  • Five stocks we like better than Fresnillo.

Fresnillo plc (LON:FRES - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 2,186 ($29.61) and last traded at GBX 2,178 ($29.50), with a volume of 1447970 shares changing hands. The stock had previously closed at GBX 2,118.17 ($28.69).

Analyst Ratings Changes

Several research analysts have recently weighed in on FRES shares. JPMorgan Chase & Co. upped their price target on shares of Fresnillo from GBX 1,850 to GBX 2,100 and gave the company an "overweight" rating in a report on Thursday, August 7th. Berenberg Bank increased their target price on shares of Fresnillo from GBX 1,620 to GBX 1,700 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Citigroup upped their price target on shares of Fresnillo from GBX 1,300 to GBX 1,700 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Finally, Royal Bank Of Canada upped their price target on shares of Fresnillo from GBX 1,200 to GBX 1,400 and gave the stock a "sector perform" rating in a research report on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of GBX 1,576.

View Our Latest Stock Analysis on Fresnillo

Fresnillo Trading Up 0.7%

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 firm's 50-day moving average is GBX 1,614.04 and its 200 day moving average is GBX 1,249.79. The firm has a market capitalization of £16.16 billion, a price-to-earnings ratio of 3,549.33, a P/E/G ratio of -1.58 and a beta of 0.15.

Fresnillo Company Profile

(Get Free Report)

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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