Fresnillo (LON:FRES) Sets New 52-Week High – Should You Buy?

Fresnillo plc (LON:FRES)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as GBX 2,629.99 ($35.03) and last traded at GBX 2,552.61 ($34.00), with a volume of 1387413 shares. The stock had previously closed at GBX 2,592 ($34.53).

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FRES shares. JPMorgan Chase & Co. increased their price objective on shares of Fresnillo from GBX 1,850 to GBX 2,100 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Berenberg Bank increased their target price on shares of Fresnillo from GBX 1,700 to GBX 2,600 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Royal Bank Of Canada increased their target price on shares of Fresnillo from GBX 1,200 to GBX 1,400 and gave the stock a “sector perform” rating in a report on Monday, August 11th. Finally, Citigroup increased their target price on shares of Fresnillo from GBX 1,300 to GBX 1,700 and gave the stock a “buy” rating in a report on Thursday, July 10th. 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,756.

Fresnillo Stock Performance

The company has a debt-to-equity ratio of 23.55, a quick ratio of 3.28 and a current ratio of 5.88. The business’s fifty day simple moving average is GBX 2,052.09 and its 200-day simple moving average is GBX 1,506.91. The firm has a market capitalization of £19.04 billion, a PE ratio of 4,181.23, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15.

About Fresnillo

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.