JPMorgan Chase & Co. Issues Positive Forecast for Fresnillo (LON:FRES) Stock Price

Fresnillo (LON:FRES - Get Free Report) had its target price raised by equities researchers at JPMorgan Chase & Co. from GBX 1,450 ($19.47) to GBX 1,850 ($24.84) in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price points to a potential upside of 28.03% from the company's current price.

Several other equities analysts also recently commented on the stock. Berenberg Bank dropped their price target on shares of Fresnillo from GBX 1,630 ($21.89) to GBX 1,620 ($21.75) and set a "buy" rating for the company in a research note on Wednesday, July 2nd. Citigroup boosted their target price on shares of Fresnillo from GBX 1,300 ($17.46) to GBX 1,700 ($22.83) and gave the stock a "buy" rating in a research note on Thursday, July 10th. Finally, Canaccord Genuity Group boosted their target price on shares of Fresnillo from GBX 805 ($10.81) to GBX 980 ($13.16) and gave the stock a "hold" rating in a research note on Thursday, April 24th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Fresnillo currently has an average rating of "Moderate Buy" and an average price target of GBX 1,406 ($18.88).

Fresnillo Stock Down 1.0%

Shares of LON:FRES traded down GBX 15 ($0.20) during trading on Tuesday, hitting GBX 1,445 ($19.40). The company's stock had a trading volume of 652,732 shares, compared to its average volume of 2,523,959. The business has a 50 day moving average price of GBX 1,308.12 and a two-hundred day moving average price of GBX 998.37. The company has a market capitalization of £13.35 billion, a PE ratio of 53.86, a P/E/G ratio of -1.58 and a beta of 0.15. The company has a debt-to-equity ratio of 23.55, a quick ratio of 3.28 and a current ratio of 5.88. Fresnillo has a fifty-two week low of GBX 502 ($6.74) and a fifty-two week high of GBX 1,566 ($21.03).

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.