Fresnillo (LON:FRES) Sets New 52-Week High – Here’s What Happened

Fresnillo plc (LON:FRES) shares hit a new 52-week high on Monday . The stock traded as high as GBX 4,358 and last traded at GBX 4,317.13, with a volume of 14554867 shares. The stock had previously closed at GBX 4,144.97.

Analyst Ratings Changes

A number of research firms have recently commented on FRES. Canaccord Genuity Group raised their price objective on Fresnillo from GBX 980 to GBX 2,440 and gave the stock a “hold” rating in a report on Friday, October 17th. Citigroup increased their target price on shares of Fresnillo from GBX 4,000 to GBX 4,600 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. JPMorgan Chase & Co. lifted their price target on shares of Fresnillo from GBX 4,300 to GBX 4,700 and gave the company a “neutral” rating in a research report on Monday, January 19th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 2,600 price objective on shares of Fresnillo in a research report on Tuesday, November 4th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 3,148.

Fresnillo Stock Performance

The company has a market capitalization of £30.35 billion, a price-to-earnings ratio of 66.63, a P/E/G ratio of -1.58 and a beta of 0.15. The stock has a 50 day simple moving average of GBX 3,207.77 and a 200 day simple moving average of GBX 2,427.56. The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 23.55.

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.