UBS Group downgraded shares of Fresnillo (LON:FRES) to a neutral rating in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports. The brokerage currently has GBX 800 ($10.45) price target on the stock, down from their previous price target of GBX 1,100 ($14.37).
Several other analysts have also weighed in on FRES. JPMorgan Chase & Co. upped their target price on from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the company a neutral rating in a report on Friday, July 5th. Goldman Sachs Group set a €11.00 ($12.79) target price on Suedzucker and gave the company a neutral rating in a report on Wednesday, April 10th. Royal Bank of Canada reissued a buy rating and issued a $2.50 target price on shares of in a report on Thursday. Morgan Stanley set a $196.00 target price on Alibaba Group and gave the company a buy rating in a report on Tuesday, March 26th. Finally, Panmure Gordon initiated coverage on Fresnillo in a report on Tuesday, May 14th. They issued a hold rating and a GBX 811 ($10.60) target price on the stock. Seven analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. Fresnillo has a consensus rating of Buy and a consensus target price of GBX 1,013 ($13.24).
Fresnillo stock opened at GBX 794.80 ($10.39) on Friday. The company has a debt-to-equity ratio of 25.58, a current ratio of 8.11 and a quick ratio of 6.37. The firm has a market capitalization of $5.86 billion and a price-to-earnings ratio of 16.73. Fresnillo has a fifty-two week low of GBX 712.60 ($9.31) and a fifty-two week high of GBX 1,135 ($14.83). The firm has a fifty day moving average price of GBX 847.21.
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.
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