Fresnillo’s (FRES) “Overweight” Rating Reaffirmed at JPMorgan Chase & Co.

Fresnillo (LON:FRES)‘s stock had its “overweight” rating reiterated by equities researchers at JPMorgan Chase & Co. in a research note issued on Monday,London Stock Exchange reports. They presently have a GBX 4,300 target price on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 24.35% from the company’s previous close.

FRES has been the topic of a number of other reports. Canaccord Genuity Group raised their price target on Fresnillo from GBX 980 to GBX 2,440 and gave the company a “hold” rating in a research note on Friday, October 17th. Citigroup increased their price target on shares of Fresnillo from GBX 2,700 to GBX 3,000 and gave the company a “buy” rating in a research note on Monday, November 24th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 2,600 price objective on shares of Fresnillo in a research report on Tuesday, November 4th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,748.

Fresnillo Stock Performance

Fresnillo stock traded down GBX 42.15 during midday trading on Monday, hitting GBX 3,457.86. 2,627,239 shares of the company were exchanged, compared to its average volume of 7,525,713. The firm has a market capitalization of £25.48 billion, a PE ratio of 55.95, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. Fresnillo has a fifty-two week low of GBX 634.41 and a fifty-two week high of GBX 3,678. The business has a fifty day simple moving average of GBX 2,753.29 and a two-hundred day simple moving average of GBX 2,182.90. The company has a debt-to-equity ratio of 23.55, a quick ratio of 3.28 and a current ratio of 5.88.

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.