Fresnillo (LON:FRES) Reaches New 1-Year High - Still a Buy?

Key Points

• Fresnillo plc has reached a new 52-week high, trading at GBX 2,302.63 ($31.32), with significant volume of over 8.2 million shares.
• Analysts have generally upgraded their ratings, with many now offering buy ratings and price targets above GBX 1,700, indicating strong confidence in the stock's potential.
• As the world's largest silver producer and Mexico's largest gold producer, Fresnillo is focusing on growth and development in high-potential projects to ensure continued success in the precious metals sector.

Fresnillo plc (LON:FRES - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 2,310 ($31.42) and last traded at GBX 2,302.63 ($31.32), with a volume of 8209561 shares changing hands. The stock had previously closed at GBX 2,196 ($29.87).

Analyst Ratings Changes

Several research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target 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. Berenberg Bank raised their price target on shares of Fresnillo from GBX 1,620 to GBX 1,700 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Citigroup lifted their price objective on shares of Fresnillo from GBX 1,300 to GBX 1,700 and gave the stock a "buy" rating in a report on Thursday, July 10th. Finally, Royal Bank Of Canada lifted their price objective on shares of Fresnillo from GBX 1,200 to GBX 1,400 and gave the stock a "sector perform" rating in a report on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 1,576.

Fresnillo Trading Up 4.5%

The business has a fifty day moving average of GBX 1,685.56 and a 200-day moving average of GBX 1,299.77. The stock has a market capitalization of £16.90 billion, a price-to-earnings ratio of 3,711.97, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28.

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.

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