Fresnillo (LON:FRES) Sets New 52-Week High - Time to Buy?

Shares of Fresnillo plc (LON:FRES - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 839.50 ($10.85) and last traded at GBX 836.22 ($10.81), with a volume of 3174462 shares traded. The stock had previously closed at GBX 828.50 ($10.71).

Analyst Upgrades and Downgrades

Several research firms recently commented on FRES. Berenberg Bank raised Fresnillo to a "buy" rating and increased their target price for the company from GBX 840 ($10.85) to GBX 1,020 ($13.18) in a report on Thursday. JPMorgan Chase & Co. reissued an "overweight" rating on shares of Fresnillo in a research report on Friday, November 22nd. Canaccord Genuity Group boosted their target price on Fresnillo from GBX 760 ($9.82) to GBX 805 ($10.40) and gave the stock a "hold" rating in a research note on Tuesday, February 25th. Finally, Royal Bank of Canada increased their price target on shares of Fresnillo from GBX 800 ($10.34) to GBX 810 ($10.47) and gave the company an "outperform" rating in a research note on Monday, March 3rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Fresnillo currently has an average rating of "Moderate Buy" and an average target price of GBX 810 ($10.47).

Fresnillo Price Performance

The firm has a market capitalization of £7.84 billion, a PE ratio of 31.62, a P/E/G ratio of -1.58 and a beta of 0.15. 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 company has a fifty day moving average price of GBX 719.39 and a two-hundred day moving average price of GBX 661.13.

Remove Ads

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.