Fresnillo (LON:FRES) had its price target cut by UBS Group from GBX 700 ($9.15) to GBX 600 ($7.84) in a research note published on Wednesday, Stock Target Advisor reports. They currently have a neutral rating on the stock.
A number of other brokerages have also issued reports on FRES. Bank of America reiterated a buy rating and issued a GBX 860 ($11.24) price target on shares of Fresnillo in a report on Tuesday, October 8th. BMO Capital Markets restated a market perform rating on shares of Fresnillo in a report on Wednesday, November 27th. JPMorgan Chase & Co. decreased their target price on Fresnillo from GBX 800 ($10.45) to GBX 750 ($9.80) and set a neutral rating for the company in a research report on Wednesday, November 6th. Goldman Sachs Group lowered their target price on Fresnillo from GBX 580 ($7.58) to GBX 550 ($7.19) and set a sell rating for the company in a report on Tuesday. Finally, Royal Bank of Canada reissued a sector performer rating and set a GBX 660 ($8.62) price target on shares of Fresnillo in a research report on Friday, November 29th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of GBX 746.10 ($9.75).
FRES stock traded up GBX 21.60 ($0.28) during mid-day trading on Wednesday, reaching GBX 567 ($7.41). The company had a trading volume of 1,296,152 shares, compared to its average volume of 1,260,000. The company has a market capitalization of $4.09 billion and a PE ratio of 21.98. The firm has a 50 day moving average of GBX 633.78 and a 200 day moving average of GBX 723.21. Fresnillo has a 12 month low of GBX 536.80 ($7.01) and a 12 month high of GBX 1,028 ($13.43). The company has a debt-to-equity ratio of 26.08, a current ratio of 7.40 and a quick ratio of 5.37.
Fresnillo Company Profile
Fresnillo Plc mines, develops, and produces non-ferrous minerals in Mexico. It primarily explores for silver, gold, lead, and zinc concentrates. The company's operating mines include the Fresnillo, Saucito, Ciénega, Herradura, Soledad-Dipolos, Noche Buena, and San Julián; development projects comprise the Pyrites Plant, and second line of the DLP at Herradura; and advanced exploration projects consist of the Juanicipio, Las Casas, Cebollitas Cluster, Centauro Deep, Centauro Pit Expansion as part of Herradura, and Orisyvo.
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