Fresnillo (LON:FRES) Given New GBX 810 Price Target at Royal Bank of Canada

Fresnillo (LON:FRES) had its price objective raised by equities researchers at Royal Bank of Canada from GBX 800 ($10.17) to GBX 810 ($10.29) in a research report issued to clients and investors on Monday,Digital Look reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 7.43% from the company’s previous close.

Several other equities analysts have also weighed in on FRES. Canaccord Genuity Group increased their target price on Fresnillo from GBX 760 ($9.66) to GBX 805 ($10.23) and gave the company a “hold” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Fresnillo in a report on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Fresnillo currently has an average rating of “Hold” and an average price target of GBX 750 ($9.53).

Fresnillo Price Performance

Fresnillo stock traded up GBX 11.50 ($0.15) on Monday, reaching GBX 754 ($9.58). The company’s stock had a trading volume of 678,558 shares, compared to its average volume of 1,733,607. The company has a debt-to-equity ratio of 23.55, a quick ratio of 3.28 and a current ratio of 5.88. The company has a market cap of £6.96 billion, a price-to-earnings ratio of 28.10, a PEG ratio of -1.58 and a beta of 0.15. The business’s fifty day moving average price is GBX 704.28 and its 200 day moving average price is GBX 653.23. Fresnillo has a twelve month low of GBX 435.20 ($5.53) and a twelve month high of GBX 839.50 ($10.67).

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.