UBS Group lowered shares of Fresnillo (LON:FRES) to a neutral rating in a research report released on Friday, ThisIsMoney.Co.Uk reports. They currently have GBX 800 ($10.45) price target on the stock, down from their previous price target of GBX 1,100 ($14.37).
A number of other equities research analysts have also recently weighed in on FRES. Panmure Gordon assumed coverage on Fresnillo in a research note on Tuesday, May 14th. They issued a hold rating and a GBX 811 ($10.60) price objective for the company. Morgan Stanley set a $196.00 price objective on Alibaba Group and gave the company a buy rating in a research note on Tuesday, March 26th. Barclays set a €81.00 ($94.19) price objective on Fresenius Medical Care AG & Co. KGaA and gave the company a buy rating in a research note on Thursday. Numis Securities reiterated a buy rating and issued a GBX 1,800 ($23.52) price objective on shares of in a research note on Monday, June 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the company a neutral rating in a research note on Friday, July 5th. Seven investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Fresnillo currently has an average rating of Buy and an average price target of GBX 1,013 ($13.24).
Shares of LON FRES opened at GBX 794.80 ($10.39) on Friday. The company has a debt-to-equity ratio of 25.58, a quick ratio of 6.37 and a current ratio of 8.11. Fresnillo has a twelve month low of GBX 712.60 ($9.31) and a twelve month high of GBX 1,135 ($14.83). The company has a 50 day moving average price of GBX 847.21. The stock has a market capitalization of $5.86 billion and a PE ratio of 16.73.
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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