Fresnillo (LON:FRES) Sets New 12-Month High - What's Next?

Key Points

• Fresnillo plc’s share price reached a new 52-week high of GBX 1,927 ($25.81) this week, signaling strong market performance.
• Multiple analysts have upgraded their price targets for Fresnillo, with Citigroup and JPMorgan giving it “buy” and “overweight” ratings, respectively, reflecting positive sentiment.
• Fresnillo is the world’s largest silver producer and Mexico’s largest gold producer, focused on developing low-cost, high-potential mining projects.

Fresnillo plc (LON:FRES - Get Free Report)'s share price hit a new 52-week high on Wednesday . The stock traded as high as GBX 1,927 ($26.03) and last traded at GBX 1,877.87 ($25.36), with a volume of 1783924 shares trading hands. The stock had previously closed at GBX 1,825 ($24.65).

Analyst Upgrades and Downgrades

FRES has been the topic of a number of recent analyst reports. Royal Bank Of Canada increased their price target on 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. Berenberg Bank boosted their price target 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. JPMorgan Chase & Co. increased their price objective 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. Finally, 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. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of GBX 1,576.

Fresnillo Stock Up 1.3%

The company has a market capitalization of £15.61 billion, a PE ratio of 3,427.46, a P/E/G ratio of -1.58 and a beta of 0.15. 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 simple moving average of GBX 1,599.28 and a two-hundred day simple moving average of GBX 1,233.63.

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.