Royal Bank of Canada Forecasts Strong Price Appreciation for Fresnillo (LON:FRES) Stock

Fresnillo (LON:FRES - Free Report) had its price target boosted by Royal Bank of Canada from GBX 800 ($10.31) to GBX 810 ($10.44) in a research note published on Monday,Digital Look reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages also recently issued reports on FRES. JPMorgan Chase & Co. restated an "overweight" rating on shares of Fresnillo in a research report on Friday, November 22nd. Canaccord Genuity Group lifted their price target on Fresnillo from GBX 760 ($9.79) to GBX 805 ($10.37) and gave the company a "hold" rating in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 810 ($10.44).

Fresnillo Stock Up 1.2 %

LON:FRES traded up GBX 10 ($0.13) on Monday, hitting GBX 848.50 ($10.93). 841,146 shares of the company's stock were exchanged, compared to its average volume of 1,692,163. The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28. The firm has a 50-day moving average price of GBX 715.03 and a 200-day moving average price of GBX 658.13. The company has a market cap of £7.84 billion, a P/E ratio of 31.62, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. Fresnillo has a 52 week low of GBX 435.20 ($5.61) and a 52 week high of GBX 871.50 ($11.23).

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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.