JPMorgan Chase & Co. Lowers Fresnillo (LON:FRES) Price Target to GBX 4,500

Fresnillo (LON:FRES) had its price objective reduced by investment analysts at JPMorgan Chase & Co. from GBX 4,700 to GBX 4,500 in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 23.90% from the stock’s previous close.

A number of other equities analysts have also weighed in on FRES. Citigroup increased their target price on Fresnillo from GBX 4,000 to GBX 4,600 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Canaccord Genuity Group raised their price target on Fresnillo from GBX 980 to GBX 2,440 and gave the company a “hold” rating in a report on Friday, October 17th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 2,600 target price on shares of Fresnillo in a research report on Tuesday, November 4th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,108.

Fresnillo Stock Performance

FRES stock traded down GBX 70 during midday trading on Monday, reaching GBX 3,632. 61,555,969 shares of the company’s stock traded hands, compared to its average volume of 16,389,613. The stock’s 50-day moving average is GBX 3,302.10 and its 200 day moving average is GBX 2,478.69. The stock has a market cap of £26.76 billion, a P/E ratio of 58.77, a PEG ratio of -1.58 and a beta of 0.15. Fresnillo has a 52-week low of GBX 673.50 and a 52-week high of GBX 4,472. The company has a current ratio of 5.88, a quick ratio of 3.28 and a debt-to-equity ratio of 23.55.

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.