Fresnillo (LON:FRES) Earns “Buy” Rating from UBS Group

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UBS Group reissued their buy rating on shares of Fresnillo (LON:FRES) in a research note issued to investors on Thursday morning, ThisIsMoney.Co.Uk reports.

Other analysts have also recently issued reports about the stock. Barclays set a €81.00 ($94.19) price target on shares of Fresenius Medical Care AG & Co. KGaA and gave the company a buy rating in a report on Thursday. Morgan Stanley set a $196.00 price target on shares of Alibaba Group and gave the company a buy rating in a report on Tuesday, March 26th. Royal Bank of Canada restated a buy rating and issued a $2.50 price target on shares of in a report on Thursday. Panmure Gordon started coverage on shares of Fresnillo in a report on Tuesday, May 14th. They issued a hold rating and a GBX 811 ($10.60) price target on the stock. Finally, Numis Securities restated a buy rating and issued a GBX 1,800 ($23.52) price target on shares of in a report on Monday, June 3rd. Seven equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. Fresnillo currently has a consensus rating of Buy and an average target price of GBX 1,017.17 ($13.29).

LON FRES opened at GBX 794.80 ($10.39) 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. The stock has a market cap of $5.86 billion and a P/E ratio of 16.73. The firm’s 50-day simple moving average is GBX 847.21. Fresnillo has a one year low of GBX 712.60 ($9.31) and a one year high of GBX 1,135 ($14.83).

About Fresnillo

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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