Berenberg Bank Reiterates Hold Rating for Fresnillo (LON:FRES)

Fresnillo (LON:FRES)‘s stock had its “hold” rating reaffirmed by research analysts at Berenberg Bank in a note issued to investors on Thursday,Digital Look reports. They presently have a GBX 3,300 target price on the stock. Berenberg Bank’s price objective would suggest a potential upside of 27.36% from the company’s previous close.

Several other analysts have also recently issued reports on FRES. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 3,700 price target on shares of Fresnillo in a report on Monday, April 27th. JPMorgan Chase & Co. downgraded shares of Fresnillo to an “overweight” rating and dropped their target price for the stock from GBX 5,400 to GBX 4,700 in a research report on Thursday, July 16th. Finally, Citigroup increased 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. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of GBX 3,728.

Fresnillo Stock Performance

Shares of FRES stock opened at GBX 2,591 on Thursday. Fresnillo has a one year low of GBX 1,371 and a one year high of GBX 4,472. The company has a debt-to-equity ratio of 18.37, a quick ratio of 3.28 and a current ratio of 4.35. The company has a 50 day moving average price of GBX 2,962.02 and a 200 day moving average price of GBX 3,406.63. The firm has a market capitalization of £19.09 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth 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.