Fresnillo (LON:FRES) Hits New 1-Year High – Should You Buy?

Fresnillo plc (LON:FRES) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 3,044 and last traded at GBX 2,974.18, with a volume of 5289841 shares. The stock had previously closed at GBX 2,924.

Wall Street Analysts Forecast Growth

FRES has been the topic of several research analyst reports. Citigroup boosted their target price on Fresnillo from GBX 2,700 to GBX 3,000 and gave the company a “buy” rating in a research note on Monday, November 24th. Canaccord Genuity Group lifted their target price 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. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 2,600 target price on shares of Fresnillo in a report on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fresnillo presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,308.

Fresnillo Stock Performance

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 50-day moving average price of GBX 2,451.63 and a two-hundred day moving average price of GBX 1,971.74. The firm has a market cap of £21.75 billion, a PE ratio of 47.77, a P/E/G ratio of -1.58 and a beta of 0.15.

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.