Fresnillo (LON:FRES) Reaches New 52-Week High – Should You Buy?

Fresnillo plc (LON:FRES)’s stock price reached a new 52-week high on Monday . The stock traded as high as GBX 782 ($9.74) and last traded at GBX 774.33 ($9.64), with a volume of 2524039 shares traded. The stock had previously closed at GBX 765 ($9.53).

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FRES shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Fresnillo in a research note on Friday, November 22nd. Berenberg Bank upped their price target on Fresnillo from GBX 620 ($7.72) to GBX 720 ($8.97) and gave the company a “hold” rating in a research report on Thursday, October 24th.

Fresnillo Stock Performance

The company has a debt-to-equity ratio of 21.66, a quick ratio of 3.28 and a current ratio of 5.88. The firm’s 50-day moving average price is GBX 673.34 and its two-hundred day moving average price is GBX 636.28. The stock has a market cap of £5.81 billion, a price-to-earnings ratio of 3,285.42, a PEG ratio of -1.58 and a beta of 0.15.

Fresnillo Company Profile

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.