Fresnillo (LON:FRES) Stock Rating Lowered by JPMorgan Chase & Co.

Fresnillo (LON:FRES) was downgraded by JPMorgan Chase & Co. to an “overweight” rating in a research note issued on Thursday,Digital Look reports. They presently have a GBX 4,700 price target on the stock, down from their prior price target of GBX 5,400. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 92.47% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 3,700 target price on shares of Fresnillo in a research report on Monday, April 27th. Citigroup upped their price target on Fresnillo from GBX 4,600 to GBX 5,000 and gave the company a “buy” rating in a report on Monday, April 13th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 3,400 price target on shares of Fresnillo in a research note on Thursday, April 23rd. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of GBX 3,848.

Fresnillo Trading Down 0.5%

LON:FRES opened at GBX 2,442 on Thursday. The stock has a 50-day simple moving average of GBX 3,030.80 and a 200-day simple moving average of GBX 3,422.22. The stock has a market cap of £17.99 billion, a P/E ratio of 13.00, a P/E/G ratio of -1.58 and a beta of 0.72. Fresnillo has a 1 year low of GBX 1,371 and a 1 year high of GBX 4,472. The company has a debt-to-equity ratio of 18.37, a quick ratio of 3.28 and a current ratio of 4.35.

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.