Fresnillo (LON:FRES) Rating Reiterated by Bank of America

Bank of America reaffirmed their buy rating on shares of Fresnillo (LON:FRES) in a research report report published on Tuesday morning, Digital Look reports. The firm currently has a GBX 860 ($11.24) price objective on the stock.

Several other equities research analysts have also recently weighed in on the company. Goldman Sachs Group reiterated a conviction-buy rating on shares of Fresnillo in a report on Tuesday, August 13th. BMO Capital Markets reiterated a market perform rating on shares of Fresnillo in a report on Friday, September 27th. UBS Group upped their target price on Fresnillo from GBX 725 ($9.47) to GBX 750 ($9.80) and gave the stock a neutral rating in a report on Thursday, September 26th. Barclays lowered their target price on Fresnillo from GBX 900 ($11.76) to GBX 760 ($9.93) and set an equal weight rating for the company in a report on Thursday, July 18th. Finally, JPMorgan Chase & Co. upped their target price on Fresnillo from GBX 700 ($9.15) to GBX 800 ($10.45) and gave the stock a neutral rating in a report on Thursday, September 12th. Nine research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Fresnillo has an average rating of Hold and a consensus price target of GBX 877.36 ($11.46).

Shares of FRES stock opened at GBX 630.80 ($8.24) on Tuesday. Fresnillo has a twelve month low of GBX 570 ($7.45) and a twelve month high of GBX 1,028 ($13.43). The stock has a market capitalization of $4.65 billion and a price-to-earnings ratio of 24.45. The stock has a fifty day simple moving average of GBX 702.35 and a two-hundred day simple moving average of GBX 767.92. The company has a current ratio of 7.40, a quick ratio of 5.37 and a debt-to-equity ratio of 26.08.

In related news, insider Charles Jacobs acquired 1,600 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was purchased at an average cost of GBX 626 ($8.18) per share, for a total transaction of £10,016 ($13,087.68).

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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Analyst Recommendations for Fresnillo (LON:FRES)

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