Fresnillo (LON:FRES) Stock Price Expected to Rise, Citigroup Analyst Says

Fresnillo (LON:FRES) had its target price hoisted by equities researchers at Citigroup from GBX 4,000 to GBX 4,600 in a research report issued on Wednesday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 24.93% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Berenberg Bank restated a “buy” rating and set a GBX 2,600 price objective on shares of Fresnillo in a research note on Tuesday, November 4th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 4,300 target price on shares of Fresnillo in a report on Monday, January 5th. Finally, Canaccord Genuity Group raised their price target on shares of Fresnillo from GBX 980 to GBX 2,440 and gave the company a “hold” rating in a report on Friday, October 17th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,068.

Fresnillo Stock Down 2.2%

Fresnillo stock opened at GBX 3,682 on Wednesday. The business has a fifty day moving average of GBX 2,898.67 and a two-hundred day moving average of GBX 2,259.93. The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 23.55. The firm has a market cap of £27.13 billion, a P/E ratio of 59.58, a P/E/G ratio of -1.58 and a beta of 0.15. Fresnillo has a twelve month low of GBX 645.55 and a twelve month high of GBX 3,928.

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.