Canaccord Genuity Group Issues Positive Forecast for Fresnillo (LON:FRES) Stock Price

Fresnillo (LON:FRES) had its price objective upped by equities researchers at Canaccord Genuity Group from GBX 760 ($9.59) to GBX 805 ($10.16) in a report released on Tuesday,London Stock Exchange reports. The firm presently has a “hold” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 8.93% from the company’s previous close.

Separately, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Fresnillo in a research note on Friday, November 22nd.

Fresnillo Stock Performance

Shares of FRES stock traded down GBX 19 ($0.24) during trading on Tuesday, reaching GBX 739 ($9.33). The company had a trading volume of 646,059 shares, compared to its average volume of 1,832,902. Fresnillo has a one year low of GBX 435.20 ($5.49) and a one year high of GBX 839.50 ($10.59). The company has a market capitalization of £6.83 billion, a PE ratio of 27.54, a PEG ratio of -1.58 and a beta of 0.15. The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28. The firm’s 50 day simple moving average is GBX 693.47 and its two-hundred day simple moving average is GBX 647.35.

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.