Fresnillo (LON:FRES) Cut to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Fresnillo (LON:FRES) to an overweight rating in a report published on Thursday morning,Digital Look reports. They currently have GBX 4,700 target price on the stock, down from their prior target price of GBX 5,400.

A number of other equities research analysts have also commented on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 3,700 price target on shares of Fresnillo in a research report on Monday, April 27th. Berenberg Bank reiterated a “hold” rating and issued a GBX 3,400 price objective on shares of Fresnillo in a research report on Thursday, April 23rd. Finally, Citigroup increased their target price on Fresnillo from GBX 4,600 to GBX 5,000 and gave the stock a “buy” rating in a research note on Monday, April 13th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 3,848.

Fresnillo Price Performance

Shares of Fresnillo stock opened at GBX 2,442 on Thursday. The firm’s 50-day moving average price is GBX 3,030.80 and its two-hundred day moving average price is GBX 3,422.22. The company has a current ratio of 4.35, a quick ratio of 3.28 and a debt-to-equity ratio of 18.37. The stock has a market capitalization of £17.99 billion, a price-to-earnings ratio of 13.00, a P/E/G ratio of -1.58 and a beta of 0.72. Fresnillo has a 1-year low of GBX 1,371 and a 1-year high of GBX 4,472.

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.