Fresnillo's (FRES) Overweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their overweight rating on shares of Fresnillo (LON:FRES - Free Report) in a research report released on Thursday, Marketbeat reports.

A number of other research analysts have also weighed in on FRES. Berenberg Bank cut their price target on shares of Fresnillo from GBX 1,630 ($21.91) to GBX 1,620 ($21.77) and set a "buy" rating on the stock in a research note on Wednesday, July 2nd. Citigroup lifted their target price on Fresnillo from GBX 1,300 ($17.47) to GBX 1,700 ($22.85) and gave the company a "buy" rating in a research report on Thursday, July 10th. Finally, Canaccord Genuity Group lifted their target price on Fresnillo from GBX 805 ($10.82) to GBX 980 ($13.17) and gave the company a "hold" rating in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 1,406 ($18.90).

Fresnillo Stock Down 1.5%

FRES traded down GBX 22 ($0.30) during trading on Thursday, reaching GBX 1,411 ($18.96). The company had a trading volume of 14,035,288 shares, compared to its average volume of 2,566,732. 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 has a 12 month low of GBX 502 ($6.75) and a 12 month high of GBX 1,566 ($21.05). The business's fifty day moving average price is GBX 1,361.06 and its 200 day moving average price is GBX 1,032.05. The company has a market cap of £13.03 billion, a P/E ratio of 52.59, a PEG 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.