Fresnillo (LON:FRES) Earns “Sector perform” Rating from Royal Bank of Canada

Fresnillo (LON:FRES)‘s stock had its “sector perform” rating reiterated by analysts at Royal Bank of Canada in a note issued to investors on Thursday,Digital Look reports. They currently have a GBX 880 ($11.38) price objective on the stock. Royal Bank of Canada’s target price points to a potential downside of 3.98% from the stock’s previous close.

Several other brokerages also recently weighed in on FRES. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Fresnillo in a research report on Friday, November 22nd. Canaccord Genuity Group boosted their price target on shares of Fresnillo from GBX 760 ($9.83) to GBX 805 ($10.41) and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Finally, Berenberg Bank upgraded shares of Fresnillo to a “buy” rating and boosted their price target for the stock from GBX 840 ($10.87) to GBX 1,020 ($13.19) in a research report on Thursday, March 6th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 824 ($10.66).

Fresnillo Trading Up 1.9 %

Shares of LON:FRES opened at GBX 916.50 ($11.85) on Thursday. The company has a market cap of £8.47 billion, a PE ratio of 34.16, a P/E/G ratio of -1.58 and a beta of 0.15. The company’s 50-day moving average price is GBX 744.14 and its 200 day moving average price is GBX 671.99. Fresnillo has a fifty-two week low of GBX 435.20 ($5.63) and a fifty-two week high of GBX 933 ($12.07). The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 23.55.

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.