Fresnillo (LON:FRES) Stock Price Expected to Rise, Citigroup Analyst Says

Fresnillo (LON:FRES) had its price objective upped by investment analysts at Citigroup from GBX 4,600 to GBX 5,000 in a research report issued to clients and investors on Monday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 41.40% from the company’s current price.

FRES has been the subject of a number of other reports. Berenberg Bank downgraded Fresnillo to a “hold” rating and increased their price target for the stock from GBX 3,400 to GBX 3,800 in a report on Thursday, February 5th. JPMorgan Chase & Co. decreased their price target on Fresnillo from GBX 5,500 to GBX 5,400 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 3,608.

Fresnillo Stock Performance

Shares of Fresnillo stock opened at GBX 3,536 on Monday. 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 business has a 50-day moving average price of GBX 3,632.77 and a two-hundred day moving average price of GBX 3,125.94. Fresnillo has a 1-year low of GBX 937 and a 1-year high of GBX 4,472. The company has a market cap of £26.06 billion, a P/E ratio of 18.83, a PEG ratio of -1.58 and a beta of 0.78.

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.