Fresnillo (LON:FRES) Given “Sector perform” Rating at Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of Fresnillo (LON:FRES) in a research note released on Thursday,Digital Look reports. Royal Bank of Canada currently has a GBX 880 ($11.38) price objective on the stock.

Other analysts have also recently issued reports about the company. Berenberg Bank raised Fresnillo to a “buy” rating and lifted their price target for the stock from GBX 840 ($10.87) to GBX 1,020 ($13.19) in a report on Thursday, March 6th. Canaccord Genuity Group raised their price objective on Fresnillo from GBX 760 ($9.83) to GBX 805 ($10.41) and gave the stock a “hold” rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Fresnillo in a research note on Friday, November 22nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Fresnillo presently has an average rating of “Hold” and a consensus target price of GBX 824 ($10.66).

Fresnillo Stock Performance

LON:FRES opened at GBX 916.50 ($11.85) on Thursday. The stock has a market cap of £8.47 billion, a P/E ratio of 34.16, a PEG ratio of -1.58 and a beta of 0.15. The stock has a 50 day simple moving average of GBX 744.14 and a 200 day simple moving average of GBX 672.89. The company has a current ratio of 5.88, a quick ratio of 3.28 and a debt-to-equity ratio of 23.55. Fresnillo has a 1-year low of GBX 435.20 ($5.63) and a 1-year high of GBX 933 ($12.07).

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.