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

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

FRES has been the topic of several other research reports. Canaccord Genuity Group increased their price target on shares of Fresnillo from GBX 760 ($9.66) to GBX 805 ($10.23) and gave the stock a “hold” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Fresnillo in a report on Friday, November 22nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 750 ($9.53).

Fresnillo Stock Up 1.5 %

LON:FRES traded up GBX 11.50 ($0.15) on Monday, reaching GBX 754 ($9.58). The stock had a trading volume of 678,558 shares, compared to its average volume of 1,733,607. The company has a current ratio of 5.88, a quick ratio of 3.28 and a debt-to-equity ratio of 23.55. The company has a 50-day moving average of GBX 704.28 and a 200 day moving average of GBX 653.23. The stock has a market cap of £6.96 billion, a P/E ratio of 28.10, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. Fresnillo has a 12-month low of GBX 435.20 ($5.53) and a 12-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.