Royal Bank of Canada Forecasts Strong Price Appreciation for Fresnillo (LON:FRES) Stock

Fresnillo (LON:FRES) had its price objective boosted by stock analysts at Royal Bank of Canada from GBX 800 ($10.23) to GBX 810 ($10.36) in a report released on Monday,Digital Look reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 3.85% from the stock’s current price.

FRES has been the topic of several other reports. Canaccord Genuity Group raised their target price on Fresnillo from GBX 760 ($9.72) to GBX 805 ($10.30) and gave the stock a “hold” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Fresnillo in a research note on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fresnillo currently has an average rating of “Hold” and a consensus target price of GBX 750 ($9.59).

Fresnillo Stock Up 3.4 %

Shares of LON:FRES opened at GBX 780 ($9.98) on Monday. The stock’s 50-day moving average price is GBX 707.15 and its 200-day moving average price is GBX 654.10. Fresnillo has a 12-month low of GBX 435.20 ($5.57) and a 12-month high of GBX 839.50 ($10.74). The stock has a market capitalization of £7.20 billion, a P/E ratio of 29.07, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The company has a current ratio of 5.88, a quick ratio of 3.28 and a debt-to-equity ratio of 23.55.

Fresnillo Company Profile

Fresnillo plc is the world’s largest silver producer and Mexico’s largest gold producer, listed on the London and Mexican stock exchanges.
The Group seeks to create value for stakeholders across precious metal cycles, focusing on high-potential silver and gold projects that can be developed into low cost, world-class mines.
Following a decade of consistent and successful progress, the Group is now focused on consolidating its growth and advancing its pipeline in order to deliver further growth in the years ahead.