JPMorgan Chase & Co. Cuts Fresnillo (LON:FRES) Price Target to GBX 5,400
by Danessa Lincoln · The Markets DailyFresnillo (LON:FRES – Free Report) had its price objective decreased by JPMorgan Chase & Co. from GBX 5,500 to GBX 5,400 in a research report report published on Tuesday morning, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.
A number of other equities analysts have also issued reports on the stock. Citigroup raised their target price on shares of Fresnillo from GBX 4,000 to GBX 4,600 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Berenberg Bank lowered shares of Fresnillo to a “hold” rating and lifted their price objective for the company from GBX 3,400 to GBX 3,800 in a research report on Thursday, February 5th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 3,528.
Check Out Our Latest Research Report on Fresnillo
Fresnillo Stock Performance
Shares of FRES opened at GBX 3,529 on Tuesday. The company has a current ratio of 4.35, a quick ratio of 3.28 and a debt-to-equity ratio of 18.37. The firm has a market cap of £26.00 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of -1.58 and a beta of 0.78. The company’s 50 day simple moving average is GBX 3,634.89 and its 200-day simple moving average is GBX 3,106.22. Fresnillo has a 12-month low of GBX 896.50 and a 12-month high of GBX 4,472.
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.