Fresnillo (LON:FRES) Sets New 52-Week High – Time to Buy?

by · The Cerbat Gem

Fresnillo plc (LON:FRES – Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as GBX 2,878 and last traded at GBX 2,852, with a volume of 3246202 shares. The stock had previously closed at GBX 2,790.63.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FRES. Canaccord Genuity Group raised their price target on Fresnillo from GBX 980 to GBX 2,440 and gave the company a “hold” rating in a report on Friday, October 17th. Citigroup increased their price objective on shares of Fresnillo from GBX 2,700 to GBX 3,000 and gave the company a “buy” rating in a research report on Monday, November 24th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,600 target price on shares of Fresnillo in a report on Tuesday, November 4th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 2,308.

View Our Latest Research Report on FRES

Fresnillo Stock Up 3.2%

The company’s 50-day moving average price is GBX 2,405.48 and its 200 day moving average price is GBX 1,916.64. 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 stock has a market cap of £21.22 billion, a PE ratio of 46.60, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15.

Fresnillo Company Profile

(Get Free Report)

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.

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