Fresnillo (LON:FRES) Hits New 1-Year High – Here’s What Happened

Fresnillo plc (LON:FRES)’s share price reached a new 52-week high on Monday . The stock traded as high as GBX 3,748 and last traded at GBX 3,686, with a volume of 6544513 shares traded. The stock had previously closed at GBX 3,506.

Wall Street Analyst Weigh In

FRES has been the subject of a number of recent research reports. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 4,300 price objective on shares of Fresnillo in a research note on Monday, January 5th. Citigroup lifted their price target on Fresnillo from GBX 2,700 to GBX 3,000 and gave the stock a “buy” rating in a research report on Monday, November 24th. Berenberg Bank reissued a “buy” rating and set a GBX 2,600 price objective on shares of Fresnillo in a research report on Tuesday, November 4th. Finally, Canaccord Genuity Group raised their price objective on shares of Fresnillo from GBX 980 to GBX 2,440 and gave the company a “hold” rating in a research note on Friday, October 17th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 2,748.

Fresnillo Stock Up 1.0%

The stock has a market cap of £28.15 billion, a PE ratio of 61.81, a PEG ratio of -1.58 and a beta of 0.15. The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28. The company has a 50 day moving average price of GBX 2,866.27 and a two-hundred day moving average price of GBX 2,249.33.

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.