Fresnillo (LON:FRES) had its target price trimmed by Barclays from GBX 900 ($11.76) to GBX 760 ($9.93) in a research note released on Thursday, ThisIsMoney.Co.Uk reports. The brokerage currently has an equal weight rating on the stock.
A number of other equities analysts also recently issued reports on the company. Morgan Stanley set a $196.00 price target on Alibaba Group and gave the company a buy rating in a report on Tuesday, March 26th. UBS Group set a $13.00 price target on Freeport-McMoRan and gave the company a hold rating in a report on Wednesday, June 26th. JPMorgan Chase & Co. upped their price target 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. Numis Securities reissued a buy rating and issued a GBX 1,800 ($23.52) price objective on shares of in a report on Monday, June 3rd. Finally, Panmure Gordon assumed coverage on Fresnillo in a report on Tuesday, May 14th. They issued a hold rating and a GBX 811 ($10.60) price objective for the company. Seven investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of GBX 1,017.17 ($13.29).
Shares of FRES opened at GBX 794.80 ($10.39) on Thursday. The company has a 50 day simple moving average of GBX 847.21. 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 P/E ratio of 16.73. Fresnillo has a 52-week low of GBX 712.60 ($9.31) and a 52-week high of GBX 1,135 ($14.83).
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.
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