JPMorgan Chase & Co. Reaffirms "Overweight" Rating for Fresnillo (LON:FRES)

JPMorgan Chase & Co. restated their overweight rating on shares of Fresnillo (LON:FRES - Free Report) in a research note published on Thursday morning, Marketbeat Ratings reports.

Several other analysts also recently commented on the stock. Citigroup increased their target price on shares of Fresnillo from GBX 1,300 ($17.47) to GBX 1,700 ($22.85) and gave the company a "buy" rating in a report on Thursday, July 10th. Berenberg Bank lowered their target price on shares of Fresnillo from GBX 1,630 ($21.91) to GBX 1,620 ($21.77) and set a "buy" rating for the company in a report on Wednesday, July 2nd. Finally, Canaccord Genuity Group increased their target price on shares of Fresnillo from GBX 805 ($10.82) to GBX 980 ($13.17) and gave the company a "hold" rating in a report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Fresnillo currently has a consensus rating of "Moderate Buy" and an average target price of GBX 1,406 ($18.90).

Fresnillo Stock Down 1.5%

FRES traded down GBX 22 ($0.30) during trading on Thursday, hitting GBX 1,411 ($18.96). 14,035,288 shares of the company's stock were exchanged, compared to its average volume of 2,566,732. The business's 50 day moving average is GBX 1,361.06 and its two-hundred day moving average is GBX 1,034.72. The stock 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. The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 23.55. Fresnillo has a fifty-two week low of GBX 502 ($6.75) and a fifty-two week high of GBX 1,566 ($21.05).

About Fresnillo

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.