Fresnillo (LON:FRES) Trading Up 10.4% - What's Next?

Fresnillo plc (LON:FRES - Get Free Report) was up 10.4% during mid-day trading on Wednesday . The company traded as high as GBX 3,483 and last traded at GBX 3,437.71. Approximately 1,365,447 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 8,908,445 shares. The stock had previously closed at GBX 3,115.Wall Street Analyst Weigh InA number of research analysts have recently issued reports on FRES shares. JPMorgan Chase & Co. dropped their price target on shares of Fresnillo from GBX 5,500 to GBX 5,400 and set an "overweight" rating on the stock in a research report on Tuesday, April 7th. Berenberg Bank restated a "hold" rating and issued a GBX 3,400 price target on shares of Fresnillo in a research report on Thursday, April 23rd. Citigroup boosted their price target on shares of Fresnillo from GBX 4,600 to GBX 5,000 and gave the stock a "buy" rating in a research report on Monday, April 13th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 3,700 price target on shares of Fresnillo in a research report on Monday, April 27th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of GBX 3,988.Get Our Latest Stock Report on FresnilloFresnillo Stock PerformanceThe company has a debt-to-equity ratio of 18.37, a current ratio of 4.35 and a quick ratio of 3.28. The company's fifty day simple moving average is GBX 3,514.44 and its two-hundred day simple moving average is GBX 3,246.05. The stock has a market cap of £25.33 billion, a price-to-earnings ratio of 18.31, a P/E/G ratio of -1.58 and a beta of 0.75. About Fresnillo (Get Free Report)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.See AlsoFive stocks we like better than FresnilloThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Fresnillo Right Now?Before you consider Fresnillo, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fresnillo wasn't on the list.While Fresnillo currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here