Fresnillo (LON:FRES) Trading Up 10.4% - What's Next?

Key Points

• Fresnillo shares jumped 10.4% intraday, trading as high as GBX 3,483 and last at GBX 3,437.71 while volume was about 1.37 million shares—approximately 85% below the stock’s average daily volume.
• Analyst sentiment is mixed: two Buys and three Holds result in an average "Hold" rating with a consensus target of GBX 3,988, though individual targets range from GBX 3,400 to GBX 5,400 and Citigroup recently raised its target to GBX 5,000.
• Fresnillo is the world’s largest silver producer and Mexico’s largest gold producer, with a market cap of £25.33 billion, low leverage (debt-to-equity 18.37), a P/E of 18.31, and its 50‑day SMA (GBX 3,514) above the 200‑day SMA (GBX 3,246).

Fresnillo plc (LON:FRES - Get Free Report) was up 10.4% during mid-day trading on Wednesday . The company traded as high as GBX 3,483 and last traded at GBX 3,437.71. Approximately 1,365,447 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 8,908,445 shares. The stock had previously closed at GBX 3,115.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on FRES shares. JPMorgan Chase & Co. dropped their price target on shares of Fresnillo from GBX 5,500 to GBX 5,400 and set an "overweight" rating on the stock in a research report on Tuesday, April 7th. Berenberg Bank restated a "hold" rating and issued a GBX 3,400 price target on shares of Fresnillo in a research report on Thursday, April 23rd. Citigroup boosted their price target on shares of Fresnillo from GBX 4,600 to GBX 5,000 and gave the stock a "buy" rating in a research report on Monday, April 13th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 3,700 price target on shares of Fresnillo in a research report on Monday, April 27th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of GBX 3,988.

Fresnillo Stock Performance

The company has a debt-to-equity ratio of 18.37, a current ratio of 4.35 and a quick ratio of 3.28. The company's fifty day simple moving average is GBX 3,514.44 and its two-hundred day simple moving average is GBX 3,246.05. The stock has a market cap of £25.33 billion, a price-to-earnings ratio of 18.31, a P/E/G ratio of -1.58 and a beta of 0.75.

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.

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