Fresnillo (LON:FRES) Price Target Raised to GBX 1,700

Fresnillo (LON:FRES - Free Report) had its target price raised by Citigroup from GBX 1,300 ($17.66) to GBX 1,700 ($23.09) in a report released on Thursday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently weighed in on FRES. Berenberg Bank dropped their price objective on shares of Fresnillo from GBX 1,630 ($22.14) to GBX 1,620 ($22.01) and set a "buy" rating for the company in a report on Wednesday, July 2nd. Canaccord Genuity Group boosted their price objective on Fresnillo from GBX 805 ($10.94) to GBX 980 ($13.31) and gave the stock a "hold" rating in a research report on Thursday, April 24th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a GBX 880 ($11.95) price target on shares of Fresnillo in a research note on Thursday, March 13th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,295 ($17.59).

Fresnillo Stock Up 1.5%

Shares of FRES stock traded up GBX 21.85 ($0.30) during trading on Thursday, reaching GBX 1,470.85 ($19.98). The company's stock had a trading volume of 726,497 shares, compared to its average volume of 2,592,500. The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28. The company has a market capitalization of £13.59 billion, a price-to-earnings ratio of 54.82, a P/E/G ratio of -1.58 and a beta of 0.15. The stock's 50-day moving average price is GBX 1,253.07 and its 200 day moving average price is GBX 962.90. Fresnillo has a 1-year low of GBX 502 ($6.82) and a 1-year high of GBX 1,538 ($20.89).

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.