Numis Securities Reaffirms “Buy” Rating for Fresnillo (FRES)

Fresnillo (LON:FRES)‘s stock had its “buy” rating reaffirmed by research analysts at Numis Securities in a research note issued to investors on Thursday, ThisIsMoney.Co.Uk reports.

FRES has been the subject of several other reports. Goldman Sachs Group dropped their price objective on Fresnillo from GBX 1,250 ($16.33) to GBX 1,200 ($15.68) and set a “conviction-buy” rating for the company in a research report on Wednesday, April 10th. Royal Bank of Canada restated a “top pick” rating on shares of Fresnillo in a research report on Friday, February 1st. JPMorgan Chase & Co. dropped their price objective on Fresnillo from GBX 1,100 ($14.37) to GBX 950 ($12.41) and set a “neutral” rating for the company in a research report on Wednesday, April 10th. Barclays restated an “equal weight” rating on shares of Fresnillo in a research report on Wednesday, May 8th. Finally, Morgan Stanley upgraded Fresnillo to an “equal weight” rating in a research report on Tuesday, March 26th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of GBX 1,043.83 ($13.64).

Shares of FRES stock opened at GBX 744.80 ($9.73) on Thursday. The company has a quick ratio of 6.37, a current ratio of 8.11 and a debt-to-equity ratio of 25.58. Fresnillo has a twelve month low of GBX 720 ($9.41) and a twelve month high of GBX 1,364.50 ($17.83). The firm has a market cap of $5.49 billion and a P/E ratio of 15.68.

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.

See Also: P/E Growth (PEG)

Analyst Recommendations for Fresnillo (LON:FRES)

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