Royal Bank Of Canada Reaffirms Sector perform Rating for Fresnillo (LON:FRES)

Fresnillo (LON:FRES – Get Free Report)‘s stock had its “sector perform” rating reissued by equities researchers at Royal Bank Of Canada in a report issued on Thursday,Digital Look reports. They presently have a GBX 3,200 price target on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 23.50% from the company’s previous close.

Several other equities analysts also recently commented on FRES. JPMorgan Chase & Co. downgraded shares of Fresnillo to an “overweight” rating and dropped their price objective for the company from GBX 5,400 to GBX 4,700 in a research note on Thursday, July 16th. Berenberg Bank reiterated a “hold” rating and set a GBX 3,300 price target on shares of Fresnillo in a report on Thursday. Finally, Citigroup upped their price target on shares of Fresnillo from GBX 4,600 to GBX 5,000 and gave the stock a “buy” rating in a report 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’s stock. According to MarketBeat, Fresnillo presently has an average rating of “Hold” and an average target price of GBX 3,728.

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Fresnillo Trading Down 2.6%

FRES opened at GBX 2,591 on Thursday. The company has a market cap of £19.09 billion, a P/E ratio of 13.80, a PEG ratio of -1.58 and a beta of 0.72. 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 company’s 50 day moving average is GBX 2,962.02 and its 200-day moving average is GBX 3,406.63. Fresnillo has a 1-year low of GBX 1,371 and a 1-year high of GBX 4,472.

Fresnillo Company Profile

(Get Free Report)

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.

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