Fresnillo (LON:FRES) Given New GBX 800 Price Target at JPMorgan Chase & Co.
Fresnillo (LON:FRES) had its price target upped by JPMorgan Chase & Co. from GBX 700 ($9.15) to GBX 800 ($10.45) in a report issued on Thursday, Digital Look reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.
Several other equities research analysts also recently commented on the stock. Barclays cut their target price on shares of Fresnillo from GBX 900 ($11.76) to GBX 760 ($9.93) and set an equal weight rating on the stock in a research report on Thursday, July 18th. UBS Group lifted their target price on shares of Fresnillo from GBX 700 ($9.15) to GBX 725 ($9.47) and gave the stock a neutral rating in a research report on Friday, September 6th. Royal Bank of Canada downgraded shares of Fresnillo to a sector performer rating and cut their target price for the stock from GBX 1,150 ($15.03) to GBX 650 ($8.49) in a research report on Thursday, August 1st. Morgan Stanley cut their target price on shares of Fresnillo from GBX 800 ($10.45) to GBX 700 ($9.15) and set an equal weight rating on the stock in a research report on Tuesday, August 20th. Finally, Numis Securities reiterated a buy rating on shares of Fresnillo in a research report on Monday, June 3rd. Eight research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Hold and an average price target of GBX 901.45 ($11.78).
Shares of FRES traded down GBX 19.80 ($0.26) during mid-day trading on Thursday, reaching GBX 729.60 ($9.53). The company had a trading volume of 2,651,237 shares, compared to its average volume of 1,260,000. The company’s 50 day simple moving average is GBX 704.93 and its 200 day simple moving average is GBX 791.72. Fresnillo has a 1-year low of GBX 570 ($7.45) and a 1-year high of GBX 1,028 ($13.43). The company has a debt-to-equity ratio of 26.08, a quick ratio of 5.37 and a current ratio of 7.40. The company has a market capitalization of $5.38 billion and a price-to-earnings ratio of 28.28.
In other Fresnillo news, insider Charles Jacobs purchased 1,600 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was acquired at an average price of GBX 626 ($8.18) per share, for a total transaction of £10,016 ($13,087.68).
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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