Fresnillo’s (FRES) “Neutral” Rating Reaffirmed at UBS Group
UBS Group restated their neutral rating on shares of Fresnillo (LON:FRES) in a research note issued to investors on Wednesday morning, ThisIsMoney.Co.Uk reports.
A number of other research firms have also recently commented on FRES. Royal Bank of Canada increased their target price on Fresnillo from GBX 1,100 ($13.54) to GBX 1,300 ($16.00) and gave the stock a sector performer rating in a research note on Tuesday, July 28th. HSBC upped their price target on Fresnillo from GBX 650 ($8.00) to GBX 710 ($8.74) and gave the company a hold rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. upped their price target on Fresnillo from GBX 750 ($9.23) to GBX 800 ($9.84) and gave the company a neutral rating in a report on Wednesday. Morgan Stanley upped their price target on Fresnillo from GBX 700 ($8.61) to GBX 770 ($9.48) and gave the company an equal weight rating in a report on Tuesday, June 23rd. Finally, Panmure Gordon reaffirmed a hold rating and set a GBX 606 ($7.46) price target (down from GBX 654 ($8.05)) on shares of Fresnillo in a report on Tuesday, April 28th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. Fresnillo has a consensus rating of Hold and a consensus price target of GBX 831.45 ($10.23).
LON FRES opened at GBX 1,232.50 ($15.17) on Wednesday. Fresnillo has a 12 month low of GBX 8.22 ($0.10) and a 12 month high of GBX 1,091.50 ($13.43). The stock has a market cap of $9.08 billion and a P/E ratio of 44.49. The stock’s fifty day moving average price is GBX 933.55 and its 200-day moving average price is GBX 746.96. The company has a current ratio of 6.37, a quick ratio of 4.62 and a debt-to-equity ratio of 24.82.
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.
Further Reading: Capital Gains Distribution
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