Royal Bank Of Canada Reiterates Sector perform Rating for Fresnillo (LON:FRES)

Fresnillo (LON:FRES)‘s stock had its “sector perform” rating reaffirmed by equities researchers at Royal Bank Of Canada in a research note issued on Thursday,Digital Look reports. They presently have a GBX 3,200 target price on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 25.69% from the stock’s current price.

Other analysts have also issued reports about the company. JPMorgan Chase & Co. lowered Fresnillo to an “overweight” rating and decreased their price objective for the company from GBX 5,400 to GBX 4,700 in a research note on Thursday, July 16th. Berenberg Bank restated a “hold” rating and issued a GBX 3,300 target price on shares of Fresnillo in a research note on Thursday. Finally, Citigroup lifted their target price on Fresnillo from GBX 4,600 to GBX 5,000 and gave the company a “buy” rating in a report on Monday, April 13th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Fresnillo presently has a consensus rating of “Hold” and a consensus price target of GBX 3,728.

Fresnillo Trading Up 2.0%

LON:FRES opened at GBX 2,546 on Thursday. The company has a market cap of £18.76 billion, a P/E ratio of 13.56, a P/E/G ratio of -1.58 and a beta of 0.72. The stock’s fifty day moving average price is GBX 2,921.73 and its two-hundred day moving average price is GBX 3,394.63. 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 current ratio of 4.35 and a quick ratio of 3.28.

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.