Barclays Increases Fresnillo (LON:FRES) Price Target to GBX 1,150

Fresnillo (LON:FRES) had its price target increased by stock analysts at Barclays from GBX 800 ($10.45) to GBX 1,150 ($15.03) in a report released on Tuesday, Digital Look reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential downside of 11.88% from the company’s previous close.

FRES has been the topic of several other research reports. Royal Bank of Canada increased their price objective on Fresnillo from GBX 1,100 ($14.37) to GBX 1,300 ($16.99) and gave the stock a “sector performer” rating in a research note on Tuesday, July 28th. Jefferies Financial Group raised their price target on Fresnillo from GBX 1,040 ($13.59) to GBX 1,350 ($17.64) and gave the company a “buy” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. lifted their price objective on Fresnillo from GBX 750 ($9.80) to GBX 800 ($10.45) and gave the company a “neutral” rating in a report on Wednesday, July 29th. Morgan Stanley increased their target price on shares of Fresnillo from GBX 700 ($9.15) to GBX 770 ($10.06) and gave the stock an “equal weight” rating in a report on Tuesday, June 23rd. Finally, UBS Group restated a “neutral” rating on shares of Fresnillo in a report on Wednesday, July 29th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 863.27 ($11.28).

Fresnillo stock opened at GBX 1,305 ($17.05) on Tuesday. The stock has a market cap of $9.62 billion and a price-to-earnings ratio of 48.51. The firm has a 50-day moving average of GBX 1,267.25 and a two-hundred day moving average of GBX 890.68. Fresnillo has a 1 year low of GBX 456.51 ($5.97) and a 1 year high of GBX 1,365 ($17.84). The company has a debt-to-equity ratio of 25.69, a current ratio of 6.45 and a quick ratio of 4.58.

Fresnillo Company Profile

Fresnillo Plc mines, develops, and produces non-ferrous minerals in Mexico. It primarily explores for silver, gold, lead, and zinc concentrates. The company's operating mines include the Fresnillo, Saucito, Ciénega, Herradura, Soledad-Dipolos, Noche Buena, and San Julián; development projects comprise the Pyrites Plant, and second line of the DLP at Herradura; and advanced exploration projects consist of the Juanicipio, Las Casas, Cebollitas Cluster, Centauro Deep, Centauro Pit Expansion as part of Herradura, and Orisyvo.

Further Reading: Price to Earnings Ratio (PE) Basics

Analyst Recommendations for Fresnillo (LON:FRES)

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