Fresnillo (LON:FRES) Price Target Raised to GBX 1,850

Fresnillo (LON:FRES - Get Free Report) had its target price upped by JPMorgan Chase & Co. from GBX 1,450 ($19.46) to GBX 1,850 ($24.83) in a research report issued on Tuesday, Marketbeat.com reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 25.68% from the stock's current price.

A number of other analysts have also recently weighed in on FRES. Citigroup increased their price target on Fresnillo from GBX 1,300 ($17.44) to GBX 1,700 ($22.81) and gave the stock a "buy" rating in a research report on Thursday, July 10th. Canaccord Genuity Group increased their price target on Fresnillo from GBX 805 ($10.80) to GBX 980 ($13.15) and gave the stock a "hold" rating in a research report on Thursday, April 24th. Finally, Berenberg Bank dropped their price target on Fresnillo from GBX 1,630 ($21.87) to GBX 1,620 ($21.74) and set a "buy" rating on the stock in a research report on Wednesday, July 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 1,406 ($18.87).

Fresnillo Stock Up 0.1%

LON FRES traded up GBX 2 ($0.03) on Tuesday, hitting GBX 1,472 ($19.75). 708,769 shares of the stock traded hands, compared to its average volume of 2,549,208. 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 has a 50-day moving average of GBX 1,299.52 and a 200 day moving average of GBX 992.54. The company has a market capitalization of £13.60 billion, a P/E ratio of 54.86, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. Fresnillo has a twelve month low of GBX 502 ($6.74) and a twelve month high of GBX 1,566 ($21.01).

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.