Fresnillo plc (LON:FRES - Get Free Report) was up 6.6% during trading on Thursday after JPMorgan Chase & Co. raised their price target on the stock from GBX 1,850 to GBX 2,100. JPMorgan Chase & Co. currently has an overweight rating on the stock. Fresnillo traded as high as GBX 1,655 ($22.11) and last traded at GBX 1,620.32 ($21.64). Approximately 2,149,009 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 2,530,482 shares. The stock had previously closed at GBX 1,520 ($20.30).
A number of other research analysts have also issued reports on the stock. Berenberg Bank boosted their price target on shares of Fresnillo from GBX 1,620 ($21.64) to GBX 1,700 ($22.71) and gave the stock a "buy" rating in a research note on Tuesday. Citigroup upped their target price on shares of Fresnillo from GBX 1,300 ($17.37) to GBX 1,700 ($22.71) and gave the stock a "buy" rating in a research report on Thursday, July 10th. Finally, Canaccord Genuity Group upped their target price on shares of Fresnillo from GBX 805 ($10.75) to GBX 980 ($13.09) and gave the stock a "hold" rating in a research report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 1,472 ($19.66).
Get Our Latest Report on Fresnillo
Fresnillo Stock Up 0.8%
The company has a market cap of £15.41 billion, a PE ratio of 62.17, a P/E/G 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. The firm's fifty day simple moving average is GBX 1,419.86 and its 200-day simple moving average is GBX 1,076.02.
Fresnillo Company Profile
(
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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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