Barclays Reiterates Equal Weight Rating for Fresnillo (LON:FRES)

Fresnillo (LON:FRESGet Rating)‘s stock had its “equal weight” rating reissued by equities research analysts at Barclays in a research report issued to clients and investors on Wednesday, Marketbeat reports. They presently have a GBX 770 ($9.44) price objective on the stock. Barclays‘s price objective points to a potential upside of 10.38% from the company’s previous close.

A number of other equities analysts also recently issued reports on FRES. Berenberg Bank reissued a “hold” rating and set a GBX 800 ($9.80) price target on shares of Fresnillo in a research report on Thursday, July 28th. Royal Bank of Canada upped their price objective on Fresnillo from GBX 1,175 ($14.40) to GBX 1,225 ($15.01) and gave the stock an “outperform” rating in a research note on Tuesday, May 17th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a GBX 750 ($9.19) price target on shares of Fresnillo in a research note on Thursday, April 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 969.29 ($11.88).

Fresnillo Stock Performance

LON FRES opened at GBX 697.60 ($8.55) on Wednesday. The company has a market cap of £5.14 billion and a P/E ratio of 1,472.34. The company has a debt-to-equity ratio of 33.56, a quick ratio of 3.49 and a current ratio of 4.45. The business’s 50 day moving average price is GBX 734.87 and its 200-day moving average price is GBX 738.20. Fresnillo has a fifty-two week low of GBX 610.60 ($7.48) and a fifty-two week high of GBX 997.60 ($12.22).

Fresnillo Company Profile

(Get Rating)

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Other. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; and San Julián silver-gold mine situated on the border of Chihuahua/Durango states.

See Also

Analyst Recommendations for Fresnillo (LON:FRES)

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