Royal Bank of Canada reiterated their top pick rating on shares of Fresnillo (LON:FRES) in a research note published on Thursday morning, ThisIsMoney.Co.Uk reports.
A number of other research firms have also recently issued reports on FRES. Panmure Gordon assumed coverage on shares of Fresnillo in a research report on Tuesday, May 14th. They issued a hold rating and a GBX 811 ($10.60) price objective on the stock. Barclays restated an underweight rating on shares of in a research report on Thursday, July 4th. Morgan Stanley set a $196.00 price objective on shares of Alibaba Group and gave the company a buy rating in a research report on Tuesday, March 26th. Numis Securities restated a buy rating and issued a GBX 1,800 ($23.52) price objective on shares of in a research report on Monday, June 3rd. Finally, Goldman Sachs Group set a €11.00 ($12.79) target price on shares of Suedzucker and gave the company a neutral rating in a research note on Wednesday, April 10th. Seven research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Fresnillo presently has a consensus rating of Buy and a consensus target price of GBX 1,017.17 ($13.29).
FRES stock opened at GBX 794.80 ($10.39) on Thursday. The company has a 50-day moving average price of GBX 847.21. Fresnillo has a 12-month low of GBX 712.60 ($9.31) and a 12-month high of GBX 1,135 ($14.83). The stock has a market capitalization of $5.86 billion and a PE ratio of 16.73. The company has a debt-to-equity ratio of 25.58, a current ratio of 8.11 and a quick ratio of 6.37.
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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