Fresnillo’s (FRES) “Sector perform” Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reissued their sector perform rating on shares of Fresnillo (LON:FRES) in a report issued on Thursday,Digital Look reports. They currently have a GBX 3,200 price objective on the stock.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. downgraded Fresnillo to an “overweight” rating and reduced their target price for the stock from GBX 5,400 to GBX 4,700 in a report on Thursday, July 16th. Berenberg Bank restated a “hold” rating and issued a GBX 3,300 target price on shares of Fresnillo in a research note on Thursday. Finally, Citigroup lifted their price target on Fresnillo from GBX 4,600 to GBX 5,000 and gave the company a “buy” rating in a research report on Monday, April 13th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Fresnillo currently has an average rating of “Hold” and an average price target of GBX 3,728.

Fresnillo Stock Performance

Shares of FRES opened at GBX 2,546 on Thursday. The company has a debt-to-equity ratio of 18.37, a current ratio of 4.35 and a quick ratio of 3.28. Fresnillo has a one year low of GBX 1,371 and a one year high of GBX 4,472. The company has a 50-day simple moving average of GBX 2,921.73 and a two-hundred day simple moving average of GBX 3,394.63. The firm has a market capitalization of £18.76 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of -1.58 and a beta of 0.72.

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.