Fresnillo (LON:FRES) Given “Equal Weight” Rating at Barclays

Fresnillo (LON:FRES)‘s stock had its “equal weight” rating reissued by equities research analysts at Barclays in a report issued on Thursday, Price Targets.com reports. They presently have a GBX 900 ($12.22) price objective on the stock. Barclays‘s price objective suggests a potential upside of 11.44% from the company’s current price.

FRES has been the topic of a number of other reports. Peel Hunt reiterated a “buy” rating and set a GBX 1,340 ($18.19) price objective on shares of Fresnillo in a research note on Wednesday, October 27th. Berenberg Bank reiterated a “hold” rating and set a GBX 1,000 ($13.57) price objective on shares of Fresnillo in a research note on Thursday, January 6th. Morgan Stanley restated an “equal weight” rating and set a GBX 850 ($11.54) target price on shares of Fresnillo in a research report on Thursday, November 11th. Finally, Peel Hunt restated a “buy” rating and set a GBX 1,340 ($18.19) target price on shares of Fresnillo in a research report on Wednesday, October 27th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 1,113.13 ($15.11).

LON:FRES opened at GBX 807.60 ($10.96) on Thursday. The company has a debt-to-equity ratio of 33.51, a quick ratio of 3.97 and a current ratio of 4.98. Fresnillo has a 52-week low of GBX 742.60 ($10.08) and a 52-week high of GBX 1,193.50 ($16.20). The firm has a market cap of £5.95 billion and a price-to-earnings ratio of 13.07. The business’s fifty day moving average is GBX 894.74 and its 200 day moving average is GBX 846.87.

Fresnillo Company Profile

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. The company primarily explores for silver, gold, lead, and zinc concentrates. Its flagship project is Fresnillo silver mine located in the state of Zacatecas. The company has mining concessions covering an area of approximately 1.7 million hectares of surface land in Mexico.

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Analyst Recommendations for Fresnillo (LON:FRES)

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