Berenberg Bank Reaffirms “Hold” Rating for Fresnillo (LON:FRES)

Fresnillo (LON:FRES)‘s stock had its “hold” rating restated by research analysts at Berenberg Bank in a note issued to investors on Thursday,Digital Look reports. They currently have a GBX 3,300 target price on the stock. Berenberg Bank’s target price would indicate a potential upside of 29.62% from the company’s previous close.

Several other research analysts also recently weighed in on the stock. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 3,700 price objective on shares of Fresnillo in a report on Monday, April 27th. JPMorgan Chase & Co. downgraded shares of Fresnillo to an “overweight” rating and decreased their target price for the stock from GBX 5,400 to GBX 4,700 in a research report on Thursday, July 16th. Finally, Citigroup upped their target price on shares of Fresnillo from GBX 4,600 to GBX 5,000 and gave the stock a “buy” rating in a report on Monday, April 13th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of GBX 3,728.

Fresnillo Price Performance

Shares of FRES opened at GBX 2,546 on Thursday. Fresnillo has a 12-month low of GBX 1,371 and a 12-month high of GBX 4,472. The business’s fifty day moving average is GBX 2,921.73 and its 200 day moving average is GBX 3,394.63. The company has a quick ratio of 3.28, a current ratio of 4.35 and a debt-to-equity ratio of 18.37. The stock has a market cap of £18.76 billion, a P/E ratio of 13.56, a P/E/G ratio of -1.58 and a beta of 0.72.

About Fresnillo

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.