Fresnillo’s (FRES) “Overweight” Rating Reaffirmed at JPMorgan Chase & Co.

Fresnillo (LON:FRES)‘s stock had its “overweight” rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a research report issued on Friday,Digital Look reports.

Separately, Berenberg Bank upped their target price on Fresnillo from GBX 620 ($7.81) to GBX 720 ($9.06) and gave the company a “hold” rating in a research note on Thursday, October 24th.

Fresnillo Stock Up 1.6 %

Shares of LON FRES opened at GBX 658.14 ($8.29) on Friday. The firm’s 50-day moving average price is GBX 654.09 and its 200-day moving average price is GBX 601.48. The company has a current ratio of 5.88, a quick ratio of 3.28 and a debt-to-equity ratio of 21.66. Fresnillo has a 12-month low of GBX 435.20 ($5.48) and a 12-month high of GBX 782 ($9.85). The stock has a market capitalization of £4.85 billion, a price-to-earnings ratio of 2,741.67, a P/E/G ratio of -1.58 and a beta of 0.15.

About Fresnillo

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Juanicipio. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include the Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; San Julián silver-gold mine situated on the border of Chihuahua/Durango states; and Juanicipio mine located in the state of Zacatecas.