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

Fresnillo (LON:FRES - Free Report) had its price target boosted by Citigroup from GBX 1,300 ($17.53) to GBX 1,700 ($22.93) in a research note released on Thursday, MarketBeat reports. Citigroup currently has a buy rating on the stock.

A number of other research analysts have also issued reports on FRES. Berenberg Bank reduced their target price on shares of Fresnillo from GBX 1,630 ($21.98) to GBX 1,620 ($21.85) and set a "buy" rating on the stock in a report on Wednesday, July 2nd. Canaccord Genuity Group upped their price objective on shares of Fresnillo from GBX 805 ($10.86) to GBX 980 ($13.22) and gave the company a "hold" rating in a research note on Thursday, April 24th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a GBX 880 ($11.87) target price on shares of Fresnillo in a research report on Thursday, March 13th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Fresnillo currently has an average rating of "Moderate Buy" and a consensus price target of GBX 1,295 ($17.46).

Fresnillo Price Performance

Shares of LON:FRES traded up GBX 51 ($0.69) on Thursday, hitting GBX 1,516 ($20.45). The company had a trading volume of 963,644 shares, compared to its average volume of 2,580,253. 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 company has a market cap of £14.00 billion, a PE ratio of 56.50, a PEG ratio of -1.58 and a beta of 0.15. Fresnillo has a 52-week low of GBX 502 ($6.77) and a 52-week high of GBX 1,538 ($20.74). The business has a 50 day moving average of GBX 1,272.59 and a 200 day moving average of GBX 979.45.

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.