Royal Bank of Canada Issues Positive Forecast for Fresnillo (LON:FRES) Stock Price

Fresnillo (LON:FRES) had its price target increased by Royal Bank of Canada from GBX 800 ($10.17) to GBX 810 ($10.29) in a research report sent to investors on Monday,Digital Look reports. They currently have an outperform rating on the stock.

Several other research firms have also recently issued reports on FRES. Canaccord Genuity Group raised their target price on Fresnillo from GBX 760 ($9.66) to GBX 805 ($10.23) and gave the stock a “hold” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Fresnillo in a report on Friday, November 22nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Fresnillo currently has an average rating of “Hold” and an average price target of GBX 750 ($9.53).

Fresnillo Stock Performance

Fresnillo stock opened at GBX 754 ($9.58) on Monday. The firm has a 50 day simple moving average of GBX 704.28 and a 200-day simple moving average of GBX 653.23. The stock has a market cap of £6.96 billion, a price-to-earnings ratio of 28.10, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28. Fresnillo has a 1-year low of GBX 435.20 ($5.53) and a 1-year high of GBX 839.50 ($10.67).

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.