Fresnillo (LON:FRES) Reaches New 52-Week High - Still a Buy?

Fresnillo plc (LON:FRES - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 1,246 ($16.89) and last traded at GBX 1,233 ($16.71), with a volume of 1303223 shares. The stock had previously closed at GBX 1,163 ($15.76).

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FRES. Royal Bank of Canada restated a "sector perform" rating and issued a GBX 880 ($11.93) target price on shares of Fresnillo in a report on Thursday, March 13th. Canaccord Genuity Group upped their price target on Fresnillo from GBX 805 ($10.91) to GBX 980 ($13.28) and gave the stock a "hold" rating in a report on Thursday, April 24th. Finally, Berenberg Bank upped their price target on Fresnillo from GBX 1,310 ($17.75) to GBX 1,320 ($17.89) and gave the stock a "buy" rating in a report on Wednesday, April 23rd.

Fresnillo Stock Up 2.0%

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 stock's 50-day simple moving average is GBX 1,014.42 and its 200-day simple moving average is GBX 824.19. The firm has a market capitalization of £11.66 billion, a P/E ratio of 47.04, a P/E/G 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.