Fresnillo's (FRES) Sector perform Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of Fresnillo (LON:FRES - Free Report) in a report published on Thursday morning,Digital Look reports. The brokerage currently has a GBX 880 ($11.43) price target on the stock.

Several other research analysts have also weighed in on the stock. Berenberg Bank upgraded shares of Fresnillo to a "buy" rating and increased their price objective for the stock from GBX 840 ($10.91) to GBX 1,020 ($13.25) in a report on Thursday, March 6th. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of Fresnillo in a research note on Friday, November 22nd. Finally, Canaccord Genuity Group lifted their price target on shares of Fresnillo from GBX 760 ($9.87) to GBX 805 ($10.46) and gave the company a "hold" rating in a report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of GBX 824 ($10.70).

Fresnillo Trading Up 2.3 %

Fresnillo stock traded up GBX 21.50 ($0.28) during trading on Thursday, hitting GBX 938 ($12.18). The company's stock had a trading volume of 1,289,048 shares, compared to its average volume of 2,534,658. The stock's fifty day moving average is GBX 750.02 and its 200 day moving average is GBX 675.71. Fresnillo has a 1-year low of GBX 435.20 ($5.65) and a 1-year high of GBX 938 ($12.18). The stock has a market capitalization of £8.66 billion, a price-to-earnings ratio of 34.96, 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.

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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.