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

Fresnillo (LON:FRES - Free Report) had its price target increased by Citigroup from GBX 1,300 ($17.66) to GBX 1,700 ($23.09) in a research note issued to investors on Thursday, MarketBeat.com reports. They currently have a buy rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Canaccord Genuity Group lifted their target price on shares of Fresnillo from GBX 805 ($10.94) to GBX 980 ($13.31) and gave the stock a "hold" rating in a research note on Thursday, April 24th. Berenberg Bank lowered their price target on shares of Fresnillo from GBX 1,630 ($22.14) to GBX 1,620 ($22.01) and set a "buy" rating on the stock in a research report on Wednesday, July 2nd. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a GBX 880 ($11.95) price target on shares of Fresnillo in a research report on Thursday, March 13th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of GBX 1,295 ($17.59).

Fresnillo Price Performance

FRES traded up GBX 51 ($0.69) on Thursday, hitting GBX 1,516 ($20.60). 963,644 shares of the company's stock were exchanged, compared to its average volume of 2,580,253. Fresnillo has a fifty-two week low of GBX 502 ($6.82) and a fifty-two week high of GBX 1,538 ($20.89). 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 has a 50-day moving average price of GBX 1,262.57 and a 200-day moving average price of GBX 968.65. The stock has a market cap of £14.00 billion, a price-to-earnings ratio of 56.50, a P/E/G ratio of -1.58 and a beta of 0.15.

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.