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

Shares of Fresnillo plc (LON:FRES) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 3,376 and last traded at GBX 3,298, with a volume of 8684644 shares changing hands. The stock had previously closed at GBX 3,200.

Analyst Ratings Changes

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

Fresnillo Stock Performance

The company’s fifty day simple moving average is GBX 2,560.78 and its 200 day simple moving average is GBX 2,076.21. The stock has a market capitalization of £24.23 billion, a P/E ratio of 53.20, a P/E/G ratio of -1.58 and a beta of 0.15. The company has a current ratio of 5.88, a quick ratio of 3.28 and a debt-to-equity ratio of 23.55.

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.