Fresnillo (LON:FRES) Price Target Lowered to GBX 5,400 at JPMorgan Chase & Co.

Key Points

• JPMorgan cut its price target on Fresnillo from GBX 5,500 to GBX 5,400 while keeping an "overweight" rating, implying a 55.66% upside from the reported current price of GBX 3,469.
• The market consensus is a Hold with a consensus target of GBX 3,528, meaning JPMorgan's view is materially more bullish than most analysts; the stock was reported up ~1% on the day.
• Fresnillo is the world's largest silver producer and Mexico's largest gold producer, with a market cap of about £25.56 billion and a one‑year trading range of GBX 829.87–4,472.

Fresnillo (LON:FRES - Get Free Report) had its price objective cut by investment analysts at JPMorgan Chase & Co. from GBX 5,500 to GBX 5,400 in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 55.66% from the company's current price.

Several other brokerages have also commented on FRES. Citigroup raised their price objective on Fresnillo from GBX 4,000 to GBX 4,600 and gave the company a "buy" rating in a research report on Wednesday, January 14th. Berenberg Bank lowered Fresnillo to a "hold" rating and raised their price objective for the company from GBX 3,400 to GBX 3,800 in a research report on Thursday, February 5th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of GBX 3,528.

Fresnillo Stock Up 1.0%

Fresnillo stock traded up GBX 33 on Tuesday, hitting GBX 3,469. 2,040,099 shares of the stock traded hands, compared to its average volume of 9,164,993. The company has a current ratio of 4.35, a quick ratio of 3.28 and a debt-to-equity ratio of 18.37. The firm has a market cap of £25.56 billion, a P/E ratio of 18.47, a price-to-earnings-growth ratio of -1.58 and a beta of 0.60. The business's fifty day simple moving average is GBX 3,668.24 and its 200 day simple moving average is GBX 3,091.92. Fresnillo has a 1 year low of GBX 829.87 and a 1 year high of GBX 4,472.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.